11122 Av. Pigeon

2
Bedrooms
1
Bathrooms
4697
sqft
$1,375,000
price

Presenting a fantastic investment opportunity in Montreal! This multi-residential property boasts 8 spacious and well-maintained 4 1/2 apartments, generating an impressive annual revenue of $78,240. Tenants pay for their own heating, electricity, and hot water, simplifying management. Moreover, two apartments have been beautifully renovated, adding a modern touch. In addition to these perks, the property offers two lucrative paying parking spots. With excellent tenants and the property in great condition, this opportunity is not to be overlooked.

Additional Details

Welcome to this incredible investment opportunity in the residential area of Montréal-Nord! This multi-residential property features 8 units, specifically 8 spacious and comfortable 4 1/2 apartments. With an impressive annual revenue of $78,240, this income-generating property promises a substantial return on investment.
The property has undergone significant renovations, with over $300,000 invested in upgrades. Notably, all doors and windows were replaced in 2022, ensuring enhanced energy efficiency and modern aesthetics. Additionally, the hot water tanks and plumbing systems have been updated, providing peace of mind for both the owner and tenants.
Two basement units have undergone a complete renovation, adding a contemporary touch to the property. These renovated units are sure to attract high-quality tenants, further enhancing the desirability of this investment.
Regarding expenses, the property's insurance costs amount to $5,413, ensuring proper coverage and protection. The hydro expenses stand at $192, reflecting the energy consumption of the building. The municipal taxes amount to $6,365, contributing to the upkeep and maintenance of the surrounding area. Lastly, the school taxes are $676, supporting the local education system.
With attention to detail and a commitment to quality, this property offers excellent potential for investors seeking a reliable income stream. The combination of recent renovations, upgraded windows and plumbing, and attractive 4 1/2 units make this investment an enticing opportunity.
Situated in Montréal-Nord, the property benefits from a residential neighborhood known for its convenience and tranquility. Residents can enjoy the nearby amenities, including parks, schools, and shopping centers. Easy access to public transportation and major roadways further enhance the property's appeal.
In summary, this multi-residential property in Montréal-Nord presents a compelling investment opportunity. With its 8 well-maintained 4 1/2 units, substantial revenue, recent renovations, and essential updates, this property offers a promising income potential for savvy investors. Don't miss out on this chance to own a piece of Montréal's thriving real estate market.

Included in the sale

According to the leases.

Excluded in the sale

According to the leases.

Room Details

Assessment, taxes and other costs

Municipal taxes $6,365
School taxes $676
Municipal Building Evaluation $625,400
Municipal Land Evaluation $292,900
Total Municipal Evaluation $918,300
Evaluation Year 2021

Building details and property interior

Cupboard Melamine
Heating system Electric baseboard units
Water supply Municipality
Heating energy Electricity
Distinctive features Environmental study phase 1
Windows PVC
Basement foundation Concrete slab on the ground
Proximity Highway, Hospital, Park - green area, Elementary school, High school, Public transport
Siding Wood, Brick
Basement 6 feet and over
Parking Outdoor
Sewage system Municipal sewer
Landscaping Fenced yard
Window type Hung, Crank handle
Roofing Asphalt and gravel
Topography Flat
Zoning Residential