Property Information:
Prime investment opportunity in the heart of Little Italy! This multi-unit property offers incredible potential with its ideal location near all amenities, including popular cafés, restaurants, and markets. Boasting solid construction, well-maintained interiors, and a strong rental history, with 4 out of 6 units completely redone, and one unit currently vacant, it's perfect for investors or owner-occupiers. Don't miss out on this rare chance to own a property in one of Montreal's most sought-after neighbourhoods!
Extensive Renovations:
The property has undergone major renovations to modernize the living spaces and enhance its appeal. Four of the six units have been fully renovated, including new kitchens, bathrooms, and upgraded flooring. Renovations were completed with high-quality materials for durability and comfort, attracting a wider tenant base and increasing rental income potential.
Vacancy Opportunity:
One unit is currently vacant, offering immediate flexibility. The unit can be occupied by the buyer, rented at market rates, or updated to match the renovated units. This flexibility lets investors optimize their return while maintaining or increasing rental income.
Prime Location in Little Italy:
Located in the vibrant Little Italy, the property is near popular local amenities, including restaurants, cafés, boutique shops, and Jean-Talon Market. The area is well-served by public transportation, ensuring easy access for tenants. This prime location guarantees continuous demand and positions the property as a sound long-term investment.
Recent Property Improvements:
The property has seen several important upgrades, boosting both its structure and curb appeal. New windows and doors improve insulation and energy efficiency. The back balcony has been replaced, offering tenants a modern outdoor space. The front staircase has also been replaced, enhancing safety and curb appeal.
Strong Rental History:
The building has maintained a strong rental history due to its prime location and quality units. Recent renovations have only increased its appeal, ensuring high demand and low vacancy rates. Rental rates reflect Little Italy's growth and desirability, with room for further increases.
Investment Potential:
With four renovated units, a vacant unit ready for lease, and a solid rental history, the property offers immediate cash flow potential. As demand in Little Italy continues to grow, there is room for rent adjustments over time. The quality of recent upgrades positions the building as a low-maintenance investment.
Building Condition:
The overall building condition is excellent, thanks to regular maintenance and recent upgrades. Replacing key elements like windows, doors, the back balcony, and front staircase ensures long-term durability and reduces future repair costs. Buyers can expect minimal capital expenditure.
Inclusions: as per leases
Exclusions : as per leases
Building Features:
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Occupancy:
Single
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Proximity:
Daycare centre, Metro, Park, Bicycle path, Elementary school, Public transportation
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Renovations:
Fenestration
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Roofing:
Asphalt and gravel
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Siding:
Brick
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Heating System:
Convection baseboards
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Heating Energy:
Electricity
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Water Supply:
Municipality
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Sewage System:
Municipality
