Appartment for sale in Montréal (Lachine)

124 Av. St-Pierre, Montréal (Lachine)

Appartment

124 Av. St-Pierre, Montréal (Lachine) MLS# 21185030

$ 1,540,000.00 CAN

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Excellent Investment Opportunity -- Renovated 8-Plex (6-figure renovations over the last 5 years!). *Financing available through Desjardins as a residential property with 25% down! *Annual rental income of $90,000+ (over 40% below fair market value!) *This fully DETACHED 8-plex is a rare and solid investment opportunity. The well-maintained building is located on a quiet residential street, close to parks, daycares, and schools. Easy access to Highway 20 and adjacent to free public parking spaces with plenty of availability. *Visits available with proof of 25% down payment.

*Prime Investment Opportunity -- Renovated 8-Plex with Strong Revenues and Growth Potential

*Located on the peaceful, tree-lined avenue Saint-Pierre in highly sought-after Lachine, this fully detached and well-maintained 8-plex offers a rare and solid investment opportunity.

*The property features eight spacious and renovated 2-bedroom units, each with a separate living room. All units are currently 100% occupied by long-standing, reliable tenants, generating annual rental income of $90,000+ which is currently over 40% below market value, leaving clear room for future rent increases.

*Significant 6-figure renovations have been completed over the last 5 years, enhancing the overall quality and appeal of the building.

*Located steps from parks, daycares, and schools, with easy access to Highway 20 and the scenic Lachine Canal, this investment combines location, stability, and upside potential. Plus, free public parking is conveniently available next door with ample space.

*Financing available through Desjardins as a residential property with 25% down.

*This is a turn-key opportunity with stable cash flow and long-term growth -- a perfect addition to any real estate portfolio.

*NOTEWORTHY IMPROVEMENTS SINCE OWNERSHIP - APPROX $180K-$200K (detailed list to follow shortly) -work on the facade -tree removal -fixed major issue with drain in basement apartments -general plumbing and electrical upgrades -hot water tanks -general improvements on the building -general renos/improvements in almost all the units

*The living space provided is from the municipal assessment website. Floor plans & measurements are calculated on a net basis*

Included

8 hot water tanks, 3 exterior sheds

Excluded

All of the current tenants' personal belongings/effects, appliances and AC units.

Description

Detail

Property Type: Appartment Price: $1,540,000.00 Municipality: Montréal (Lachine) Address: Av. St-Pierre Year: 1959

City Evaluation

Lot: $239,100 Building: $892,700 Total : $1,131,800

Dimensions

Lot size: 26.37 X 15.24 Meters Lot Area: 401.8 Square meters Building size: 11.27 X 15.99 Meters Building space: 541.5 Square Meters

Rooms

Rooms: 4 Bedrooms: 2 Bathroom(s):1 Powder Room(s):0 Hallway: 5.6x30.3 P (Wood) Floor : 3 Hallway: 5.2x30.6 P (Wood) Floor : 3 Living room: 13.7x15.3 P (Wood) Floor : 3 Living room: 13.5x15.1 P (Wood) Floor : 3 Primary bedroom: 13.7x9.8 P (Wood) Floor : 3 Primary bedroom: 13.5x9.11 P (Wood) Floor : 3 Bedroom: 11.7x9.0 P (Wood) Floor : 3 Bedroom: 12.2x8.9 P (Wood) Floor : 3 Kitchen: 11.7x13.3 P (Linoleum) Floor : 3 Kitchen: 12.2x13.7 P (Linoleum) Floor : 3 Bathroom: 5.5x7.8 P (Ceramic tiles) Floor : 3 Bathroom: 5.3x7.8 P (Ceramic tiles) Floor : 3

Characteristics

Distinctive features Other Street corner Foundation Poured concrete Heating energy Electricity Heating system Electric baseboard units Landscaping Landscape Proximity Bicycle path Daycare centre Elementary school High school Highway Hospital Park - green area Roofing Asphalt and gravel Sewage system Municipal sewer Siding Brick Topography Flat Water supply Municipality Window type Sliding Zoning Residential