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Income properties for sale
179 - 189, Rue L.-J.-Papineau, Saint-Adolphe-d'Howard
$1,950,000
$1,950,000
Income properties for sale
179 - 189, Rue L.-J.-Papineau, Saint-Adolphe-d'Howard
Features
Use of property
Residential
Year built
2017
Lot area
17,670 sqft
Number of units
Residential (6)
Residential units
2 x 4 ½, 4 x 5 ½
Potential gross revenue
$115,200
Description
6 units located in Saint-Adolphe-d'Howard, with quick access to St-Sauveur, Tremblant, and Montreal, built in 2017, 4 X 5.5 and 2 X 4.5, 2 vacant, open-concept living areas, private terraces. This is a well-established and stable property with significant potential for optimisation. Gross income is $114,000, with a property occupancy rate (POR) of $1,600. Rental value ranges from $1,650 to $2,200. Possibility of acquiring the neighbor's property for 12 units of 8 x 5.5 & 4 x 4.5, 4 vacant. This portfolio consists of 50 units in nine properties, sold together or individually.
Centris No. 22822953
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Financial details
| Municipal assessment (2025) | |
|---|---|
| Lot | $44,100 |
| Building | $706,700 |
| Total | $750,800 |
| Taxes | |
|---|---|
| Municipal (2025) | $10,869 |
| School (2025) | $611 |
| Total | $11,480 |
| Expenses | |
|---|---|
| Insurance | $4,500 |
| Snow removal | $1,000 |
| Total | $5,500 |
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