7044 Av Papineau 27 Unit Apartment Building $5,100,000 CAD ($188,889 CAD/Unit) 4.01% Cap Rate Montréal, QC H2E 2G5
INVESTMENT HIGHLIGHTS
- 27 units with diverse layouts
- Recent updates and improvements
- 170 meters from Fabre metro
- 450 meters from Jean-Talon hospital
EXECUTIVE SUMMARY
This strategically located building in Rosemont features 27 units, including 17 x 3.5, 2 x 2.5, and 8 x 1.5 apartments, offering great rental potential. Situated between Jean-Talon Street and Bélanger Street, it is just 170 meters from the Fabre metro station and 450 meters from the Jean-Talon hospital, providing excellent access to public transport and amenities. The building has undergone significant recent updates and improvements. Heating and hot water are currently at the owner's expense. With 13 unused parking spaces and substantial potential for optimization, this property presents a lucrative opportunity for investors.
PROPERTY FACTS
| Price | $5,100,000 CAD |
| Price Per Unit | $188,889 CAD |
| Sale Type | Investment |
| Cap Rate | 4.01% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 13,308 SF |
| No. Stories | 4 |
| Year Built | 1966 |
| Parking Ratio | 0.98/1,000 SF |
UNIT AMENITIES
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | - |
| 1+1 | 17 | - | - |
1 of 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (76)
Bike Score®
Biker's Paradise (98)
