Very nice and profitable 8-plex in the prestigious city of Saint-Lambert. With close to $100,000 in revenues and fully rented, this building is ideal for investors looking to purchase a building in good condition while being close to downtown. Perfectly located in Saint-Lambert, this income property is a gem in itself. A communal laundry room adds to the income and the central water heating is without a doubt the most important point to express the quality of life for the tenants. The very good tenants add an essential element to qualify this 8-plex as a jewel.
52'4" X N/A Irregular
1953
PVC
Guillotine
Poured concrete
Brick
Elastomeric membrane
Wood
****RARE ON THE MARKET****
Highlights:
-Saint-Lambert
-Ideal location just minutes from the commuter train
-Access to Highway 132 and the Victoria Bridge
-Proximity to the Dix30
-Proximity to daycares, schools, parks
-Proximity to public transportation (REM, bus, commuter train, metro)
-Quick access to Montreal
-Prestigious area
-Backyard accessible from the inside
-Common and enclosed backyard
-5 minutes from the island of Montreal by car
-2 minutes walk to schools
-Several renovations done over the years
-8 complete residential units
-Many units converted from commercial use
-Good size rooms
-Common laundry room in the basement
-Entirely rented with possibility of increasing revenues this year
Interior:
-8 units
- 1 x 5 1/2 6 x 4 1/2 1 x 3 1/2
-Functional and partially renovated kitchens
-Large living areas
-Interesting brightness
-2 inch water inlet redone in 2022.
-Keys in hand
-Water heating system
-Good quality wood floors
-Built in 1953
-Windows changed in 2014
-Quiet
-Excellent tenants
Exterior:
-Large balconies
-Elastomeric membrane roof 2015
-Little walking
-In a very popular neighborhood on the South Shore of Montreal
-Exterior masonry cladding
-Pleasant neighbourhood
-Prime location
Summary
Very nice and profitable 8-plex in the prestigious city of Saint-Lambert. With close to $100,000 in revenues and fully rented, this building is ideal for investors looking to purchase a building in good condition while being close to downtown. Perfectly located in Saint-Lambert, this income property is a gem in itself. A communal laundry room adds to the income and the central water heating is without a doubt the most important point to express the quality of life for the tenants. The very good tenants add an essential element to qualify this 8-plex as a jewel.
Its location makes this building a compelling choice, as one can find the peace of mind of the prestigious suburb of Saint-Lambert while remaining minutes away from all services and Montreal.
This is an ideal project for all types of buyers. Whether it is for a young couple, a professional, owner-occupants or investors, this building offers many possibilities. Occupants can have a beautiful unit that has been renovated over the years while having very good neighbors and low maintenance requirements. The returns are good while remaining very affordable for tenants. There is a great opportunity to greatly increase income.
Suburban living within minutes of downtown.
Hurry, there is only one for sale
This gem is for you!
52'4" X N/A Irregular
1953
PVC
Guillotine
Poured concrete
Brick
Elastomeric membrane
Wood
52'4" X 94' Irregular
Fenced , Landscaped
Flat
Highway , CEGEP , Daycare centre , Golf , Hospital , Metro , Park , Bicycle path , Elementary school , Réseau Express Métropolitain (REM) , High school , Commuter train , Public transportation , University
Commercial , Residential
Hot water
Natural gas
Laundry room
Municipality
Municipality
Water heaters, laundry (machinery), furnace, garden accessories except those of the tenants, lockers (excluding their belonging), fire extinguishers, light fixtures except those of the tenants.
Tenants' property, appliances.
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