Income properties for sale in Montréal (Lachine)

186-196 Av. Ouellette, Montréal (Lachine)

Income properties

186-196 Av. Ouellette, Montréal (Lachine) MLS# 15877907

$ 2,199,000 CAN

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Exceptional investment opportunity in Lachine! Magnificent turnkey 6plex, fully renovated and expanded (all 6 units refurbished, see photos). Recent roof, doors, windows, balconies, and stairs. Gross income: $133,500, net: $125,317. Electricity and heating paid by tenants. Across from Kirkland Park (pool, splash pad, sports), 2 min from Lachine Canal & near Lake St-Louis. Schools at the corner. Bus 90 to Vendôme metro, quick access to Hwys 20/13/Décarie, 10 min to downtown/airport, near Lachine/GLEN hospitals. Viewings upon accepted offer to purchase ONLY.

Addenda

Exceptional Investment Opportunity in Lachine

Magnificent 6plex ideally located, offering strong returns and minimal maintenance. The building has undergone major recent renovations, including the complete redesign, full refurbishment, and expansion of all 6 apartments. Major structural components have also been fully replaced: roof, exterior doors, windows, as well as all front and rear balconies and staircases.

Property Highlights:

Annual Gross Revenue: $133,500

Annual Net Revenue: $125,317

Turnkey Management: Heating (electric baseboards) and electricity are paid entirely by the tenants.

Annual Insurance Cost: $2,043

Prime Location & Quality of Life:

Transit & Access: Right next to bus route 90 leading directly to Vendôme metro station, close to the commuter train, with quick access to Highways 20, 13, and the Décarie Expressway. Just 10 minutes from downtown and 10 minutes from the airport.

Healthcare: Close to Lachine Hospital and the GLEN Hospital (MUHC).

Education: Kindergarten, primary school, and gymnasium located right at the corner of the street.

Leisure & Recreation: Directly across from Kirkland Park featuring a public pool, splash pad, arena, and sports fields (baseball, soccer, basketball, and tennis). Less than 2 minutes from the Lachine Canal bike path and very close to Lake Saint-Louis.

Buyer Remarks & Visits: The photos accurately reflect the pristine condition of the property, as all units were renovated with the same attention to detail. To respect the tenants' privacy, unit viewings will be permitted upon an accepted offer to purchase only.

Included

Appliances (refrigerator, stove, washer, dryer and dishwasher) (x6), and microwave ovens (x4, units 190, 192, 194 and 196).

Excluded

Description

Detail

Property Type: Income properties Price: $2,199,000 Municipality: Montréal (Lachine) Address: Av. Ouellette Year: 1919

City Evaluation

Lot: $275,100 Building: $664,600 Total : $939,700

Dimensions

Lot size: 12.18 X 27.96 Meters Lot Area: 379.4 Square meters Building size: 11.03 X 15.27 Meters

Rooms

Rooms: 4 Bedrooms: 2 Bathroom(s):1 Powder Room(s):0

Characteristics

Basement Crawl space Driveway Not Paved Foundation Poured concrete Heating energy Electricity Heating system Electric baseboard units Parking Outdoor Proximity Daycare centre Elementary school Highway Hospital Public transport Roofing Elastomer membrane Sewage system Municipal sewer Siding Brick Vinyl Water supply Municipality Zoning Residential