$1,399,900 Verdun/île Des Soeurs

For a prime real estate investment, this 5plex meets three essential criteria: #location, #profitability and #maintenance. Ideally located a few steps from the Verdun metro and many local shops. In terms of profitability, current revenues exceed $70,000 per year, with significant optimization potential. The building is wonderfully well maintained, with no major works to be planned in the short term, which makes it an ideal opportunity to enrich your real estate portfolio. Don't delay, because these opportunities can disappear quickly! Follow me in addendum.

To know if a building is a good investment, experienced investors will tell you that there are three criteria: 1) location; 2) location, and 3) #LOCATION.

Although this statement is perfectly true, you have before your eyes a five-unit building which not only enjoys an exceptional location a few steps from one of the coolest streets in the world*, but which also offers you much more. What else can one look for in an investment? A #PROFITABILITY, yes, a well #MAINTAINED building, yes. Here you will have everything: Location+Profitability+Maintained.

#LOCATION: Verdun is no longer the well-kept secret of Montrealers, because everyone is now an admirer of its youth and dynamism. It's a family neighborhood where live music mixes with the smell of freshly baked bagels. It's where the sound of cheerful afternoon walkers heading for the 'secret beach' is accompanied by the clink of al fresco cocktails late into the evening on Wellington Street. Basically, this is a neighborhood you may never want to leave. To name just a few favorites in terms of local shops: Archway, Komma Rosta Cafés-buvette, Pavillon Snack Bar, Marigold Montréal, Restaurant Well, Cycles Campus Verdun, Chez Robin Marché Local, Station W, Solios, ... there are has so much to enjoy and discover.

#PROFITABILITY:
Buying an income property is also investing in its future and the buyer will benefit from current income of just over $70,000 per year, but also from potential income of $85,000 considering current rental prices for 2023. The buyer will therefore be able to increase his profitability over the years when new tenants come and go. The building being divided into apartments of different sizes (3 1/2, 4 1/2 and 6 1/2) also makes it possible to address different market segments at the same time, thus easily maintaining an occupancy rate. 100% year round.

# MAINTAINED:
Adding a building to your real estate portfolio is sometimes more work, especially during the first years since it is not uncommon for them to be a little neglected and need major work. But not this one! The current owners have acquired it, lived in it and maintained it wonderfully well over the years, so that the buyer is buying a building without major deficiencies or major work to be planned in the short term. To name a few: Balconies, stairs, windows, roofs have been maintained and replaced over the past 5 years. Ask for the seller's declaration for complete information.

So LOCATION+PROFITABILITY+MAINTAINED... This is a FIRST CHOICE acquisition to add to your real estate portfolio. Contact us, because such opportunities can fly away without warning!

*Source: TimeOut and Mtlbolg


INCLUSIONS
Appliances from 3985, shed, dehudifier

EXCLUSIONS
Personal effects of tenants, 5 water heaters rented to Hydro-Solution