7781 22e Avenue, Montréal (Villeray, QC H2A2H8 $1,590,000
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Description
Located in a prime location, this 8-unit income property presents an excellent investment opportunity. Positioned on a corner lot, it offers high visibility and easy access for tenants. Ideally situated across from a school, close to public transportation and shopping centers, it ensures strong rental demand and a convenient living environment. Well-maintained and generating stable rental income, this property is a great choice for an investor looking for a profitable and well-located asset.
+ 5 x 4 ½ and 3 x 3 ½, well-divided units with stable
tenants.
+ Electricity and heating are paid by the tenants.
+ Several improvements have been made to the units.
+ Excellent tenants, reliable, easy to rent, with great
potential for income increase.
+ Rental income will be $78,720 per year starting July 1,
2025.
+ The 8 water heaters are in the basement.
+ Water heaters #2, #3, and #4 are leased at a cost of $15
per month per unit, paid by the owner and included in the
leases.
+ Water heaters for apartments #1, #5, #6, #7, and #8 are
the responsibility of the tenants.
+ The former owner removed the underground oil heating tank
in 2011. A Phase 2 environmental site assessment was
conducted for this purpose. No contaminants were detected.
Phase 2 report available for consultation.
Renovations and Maintenance
- Roof (2002)
- Bathrooms renovated in units #2, #3, #4, #5, and #6
- 7 rear doors replaced
- Rear staircase and railings (2012)
- Bathroom ventilation updated in units #2, #3, #4, #6, and
#8
- Kitchen ceramic tiles installed in units #3, #4, #6, and
#8
- Kitchen countertops updated in units #2, #3, #6, and #8
- Floating flooring installed in units #3, #6, and #8
- Vinyl flooring installed in units #5 and #7
tenants.
+ Electricity and heating are paid by the tenants.
+ Several improvements have been made to the units.
+ Excellent tenants, reliable, easy to rent, with great
potential for income increase.
+ Rental income will be $78,720 per year starting July 1,
2025.
+ The 8 water heaters are in the basement.
+ Water heaters #2, #3, and #4 are leased at a cost of $15
per month per unit, paid by the owner and included in the
leases.
+ Water heaters for apartments #1, #5, #6, #7, and #8 are
the responsibility of the tenants.
+ The former owner removed the underground oil heating tank
in 2011. A Phase 2 environmental site assessment was
conducted for this purpose. No contaminants were detected.
Phase 2 report available for consultation.
Renovations and Maintenance
- Roof (2002)
- Bathrooms renovated in units #2, #3, #4, #5, and #6
- 7 rear doors replaced
- Rear staircase and railings (2012)
- Bathroom ventilation updated in units #2, #3, #4, #6, and
#8
- Kitchen ceramic tiles installed in units #3, #4, #6, and
#8
- Kitchen countertops updated in units #2, #3, #6, and #8
- Floating flooring installed in units #3, #6, and #8
- Vinyl flooring installed in units #5 and #7
Inclusions:
Exclusions : 8 water heaters on rental with Hydro-Solution.
| BUILDING | |
|---|---|
| Type | |
| Style | Attached |
| Dimensions | 13.07x12.25 M |
| Lot Size | 261.2 MC |
| EXPENSES | |
|---|---|
| Insurance | $ 5640 / year |
| Energy cost | $ 261 / year |
| Municipal Taxes (2025) | $ 7797 / year |
| School taxes (2024) | $ 979 / year |
|
ROOM DETAILS |
|||
|---|---|---|---|
| Room | Dimensions | Level | Flooring |
| N/A | |||
|
CHARACTERISTICS |
|
|---|---|
| Landscaping | Fenced, Fenced, Fenced, Fenced, Fenced |
| Heating system | Electric baseboard units, Electric baseboard units, Electric baseboard units, Electric baseboard units, Electric baseboard units |
| Water supply | Municipality, Municipality, Municipality, Municipality, Municipality |
| Heating energy | Electricity, Electricity, Electricity, Electricity, Electricity |
| Foundation | Poured concrete, Poured concrete, Poured concrete, Poured concrete, Poured concrete |
| Siding | Brick, Brick, Brick, Brick, Brick |
| Distinctive features | Street corner, Environmental study phase 1, Environmental study phase 2, Street corner, Environmental study phase 1, Environmental study phase 2, Street corner, Environmental study phase 1, Environmental study phase 2, Street corner, Environmental study phase 1, Environmental study phase 2, Street corner, Environmental study phase 1, Environmental study phase 2 |
| Proximity | Elementary school, High school, Public transport, Daycare centre, Elementary school, High school, Public transport, Daycare centre, Elementary school, High school, Public transport, Daycare centre, Elementary school, High school, Public transport, Daycare centre, Elementary school, High school, Public transport, Daycare centre |
| Sewage system | Municipal sewer, Municipal sewer, Municipal sewer, Municipal sewer, Municipal sewer |
| Window type | Sliding, Sliding, Sliding, Sliding, Sliding |
| Topography | Flat, Flat, Flat, Flat, Flat |
| Zoning | Residential, Residential, Residential, Residential, Residential |
| Roofing | Asphalt and gravel, Asphalt and gravel, Asphalt and gravel, Asphalt and gravel, Asphalt and gravel |