Sixplex for Sale - 7453 Pie-IX, Montreal
An exceptional investment opportunity in a rapidly
expanding area of Montreal. This sixplex, located on Pie-IX
Boulevard, offers attractive rental income potential,
making it ideal for both novice and seasoned investors.
Property Features:
Address: 7453 Pie-IX, Montreal, QC.
Property Type: Residential Sixplex.
Number of Apartments: 6 units, each a 3 1/2.
Condition of Units: 3 out of the 6 apartments have been
recently renovated, offering modern comfort while retaining
the property's original charm.
Living Space: Each unit features a well-designed and bright
living area, perfect for tenants seeking a practical and
well-located residence.
Investor Advantages:
Solid Rental Income: This sixplex enjoys an excellent
occupancy rate with stable rental income. Recent
renovations in half of the units allow for increased rent,
optimizing overall returns.
Strategic Location: Situated on the main artery of Pie-IX,
this property is close to essential services, public
transportation, shops, and approximately a 15-minute walk
from the new metro station, ensuring a consistent demand
from renters.
Value-Add Potential: With three renovated units, there is
significant potential to add value by renovating the
remaining three apartments, which could substantially
increase the property's value and rental income.
Flexibility for Investors: This property is suitable for
both beginner and seasoned investors, offering relatively
simple management and attractive returns.
Conclusion: This sixplex presents a rare opportunity to
acquire a well-located property with strong income
potential. Whether you're a first-time investor looking to
take your first steps in real estate or an experienced
investor seeking a strategic addition to your portfolio,
this property is worth your attention.
BUILDING | |
---|---|
Type | |
Style | Semi-detached |
Dimensions | 34x40 P |
Lot Size | 4099 PC |
EXPENSES | |
---|---|
Insurance | $ 4000 / year |
Energy cost | $ 246 / year |
Snow removal / Lawn mowing | $ 900 / year |
Municipal Taxes (2024) | $ 4864 / year |
School taxes (2024) | $ 609 / year |
ROOM DETAILS | |||
---|---|---|---|
Room | Dimensions | Level | Flooring |
N/A |
CHARACTERISTICS | |
---|---|
Heating system | Electric baseboard units |
Water supply | Municipality |
Windows | Aluminum |
Foundation | Poured concrete |
Proximity | Highway, Cegep, Hospital, Park - green area, Elementary school, High school, Public transport, Bicycle path, Daycare centre |
Parking | Outdoor |
Sewage system | Municipal sewer |
Window type | Sliding |
Topography | Flat |
Zoning | Residential |
Roofing | Asphalt and gravel |
Driveway | Asphalt |