2070-2074 Av. de la Salle Montreal | 2070-2074 Av Av. de la Salle
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2070-2074 Av. de la Salle Montreal 2070-2074 Av Av. de la Salle
5 Unit Apartment Building $1,100,000 CAD ($220,000 CAD/Unit) 3.61% Cap Rate Montréal, QC H1V 2K5
Investment Highlights
- 100% rented quintuplex with a stone facade
- 2024 roof repair at a cost of $9,543
- 2023 stone facade renovation at a cost of $74,366
Executive Summary
100% rented quintuplex with a stone facade located on a peaceful street close to all services: Ontario Street, Maisonneuve Market, Maison de la Culture Maisonneuve, Maisonneuve Park, Pie-IX metro station... 1 x 6 1/2 with big yard + 4 x 3 1/2. Entries to washer-dryer in all 5 apartments. Leases have been renewed until June 30, 2025. Gross income of $49,380 and net income of $39,754. The vendor has invested in major works: 2023 stone facade renovation at a cost of $74,366; 2024 roof repair at a cost of $9,543. The visit of the apartments will be scheduled following an accepted offer.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$49,380
|
$14.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$49,380
|
$14.16
|
| Taxes |
$6,516
|
$1.87
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$6,516
|
$1.87
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $49,380 |
| Annual Per SF | $14.16 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $49,380 |
| Annual Per SF | $14.16 |
| Taxes (CAD) | |
|---|---|
| Annual | $6,516 |
| Annual Per SF | $1.87 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $6,516 |
| Annual Per SF | $1.87 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,100,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $220,000 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 3,487 SF |
| Cap Rate | 3.61% | No. Stories | 3 |
| No. Units | 5 | Year Built/Renovated | 1921/2024 |
| Property Type | Multifamily | Cross Streets | Ontario |
| Price | $1,100,000 CAD |
| Price Per Unit | $220,000 CAD |
| Sale Type | Investment |
| Cap Rate | 3.61% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.07 AC |
| Building Size | 3,487 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1921/2024 |
| Cross Streets | Ontario |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 7+5 | 5 | - | - |
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Walk Score ®
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Transit Score ®
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Bike Score ®
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2070-2074 Av. de la Salle Montreal | 2070-2074 Av Av. de la Salle
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