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7453 Boul. Pie IX, MontrĂ©al (Villeray, QC H2A2G8    $1,079,000

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MLS: 18761544
1953

Description



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.


Inclusions: Apartment 1 Fridge, stove, washer, dryer Apartment 6 Fridge, stove, washer, dryer, wall-mounted A/C


Exclusions : Personal effects of tenants

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 Dimensions Level Flooring
N/A
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