2070-2074 Av. de la Salle Montreal | 2070-2074 Av Av. de la Salle
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2070-2074 Av. de la Salle Montreal 2070-2074 Av Av. de la Salle
5 Unit Block of Flats £613,117 (£122,623/Unit) 3.61% Net Initial Yield Montréal, QC H1V 2K5
Investment Highlights
- 100% rented quintuplex with a stone facade
- 2024 roof repair at a cost of $9,543
- 2023 stone facade renovation at a cost of $74,366
Executive Summary
100% rented quintuplex with a stone facade located on a peaceful street close to all services: Ontario Street, Maisonneuve Market, Maison de la Culture Maisonneuve, Maisonneuve Park, Pie-IX metro station... 1 x 6 1/2 with big yard + 4 x 3 1/2. Entries to washer-dryer in all 5 apartments. Leases have been renewed until June 30, 2025. Gross income of $49,380 and net income of $39,754. The vendor has invested in major works: 2023 stone facade renovation at a cost of $74,366; 2024 roof repair at a cost of $9,543. The visit of the apartments will be scheduled following an accepted offer.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£27,523
|
£7.89
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£27,523
|
£7.89
|
| Taxes |
£3,632
|
£1.04
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£3,632
|
£1.04
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £27,523 |
| Annual Per SF | £7.89 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £27,523 |
| Annual Per SF | £7.89 |
| Taxes | |
|---|---|
| Annual | £3,632 |
| Annual Per SF | £1.04 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £3,632 |
| Annual Per SF | £1.04 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | £613,117 | Property Subtype | Apartment |
| Price Per Unit | £122,623 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 3,487 SF |
| Net Initial Yield | 3.61% | Number of Floors | 3 |
| No. Units | 5 | Year Built/Renovated | 1921/2024 |
| Property Type | Residential | Cross Streets | Ontario |
| Price | £613,117 |
| Price Per Unit | £122,623 |
| Sale Type | Investment |
| Net Initial Yield | 3.61% |
| No. Units | 5 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Lot Size | 0.07 AC |
| Building Size | 3,487 SF |
| Number of Floors | 3 |
| Year Built/Renovated | 1921/2024 |
| Cross Streets | Ontario |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 7+5 | 5 | - | - |
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Biker's Paradise (99)
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2070-2074 Av. de la Salle Montreal | 2070-2074 Av Av. de la Salle
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