49 Prom Ronald - Apartments FOR SALE


Montréal, QC H4X 1M9
$1,340,000 CAD
514-575-7984
49 Prom Ronald, Montréal, QC for Sale
$1,340,000 CAD
Apartments - FOR SALE
1/2
null | Request Cap Rate

49 Prom Ronald
Montréal, QC H4X 1M9


HIGHLIGHTS

  • Strong vibrant community
  • Stable income and capital growth
  • Parking available

OVERVIEW

**Exceptional Investment Opportunity in the heart of Montreal West** Discover the potential of this exclusive seven-plex in Montreal West, a neighborhood celebrated for its vibrant community and strong rental demand. This well maintained property presents a unique opportunity for discerning investors seeking a stable income stream and long-term capital growth. Most impressive building on the street. Bright large living rooms, eat in kitchen, hardwood floors, good size bedrooms , storage units. Tenants pay hydro & heat . Don't miss out. **Property Highlights:** - **Location Excellence:** Nestled in the heart of Montreal West, this property benefits from its proximity to major transportation, renowned educational institutions, shops, and local restaurants making it highly attractive to potential renters. - **Diverse Unit Mix:** The building comprises six 2 bedroom units and one 1 bedroom unit. Spacious as bright with ideal layout. - **Recent Upgrades:** Key enhancements new roof , safety door to garage , new flooring on main floor common area. Fixtures for all seven units are available for bathroom reno ( over $4000 value ) - **Strong Occupancy Rates:** Thanks to its prime location and superior living conditions, the property enjoys high occupancy rates and a consistent rental history, providing investors with immediate cash flow. - **Community Focused:** Montreal West is known for its community-oriented lifestyle, recreational facilities, and annual events that draw families and professionals alike. **Investment Benefits:** - **Turnkey Operation:** With all units currently leased and managed by a property management team, this investment offers a seamless transition for the new owner. - **Financial Performance:** Competitive rental prices and a well-maintained property minimize operational costs and maximize returns. - **Appreciation Potential:** Situated in one of Montreal's rapidly appreciating neighborhoods, this property is poised for significant value growth over time. Seize the opportunity to own a piece of Montreal West, a community where demand for rental properties continues to rise. Whether expanding your portfolio or stepping into the investment property market, this seven-plex promises to be a cornerstone of your real estate holdings. **Contact us today to discover all that this property has to offer!** Renovations : Exterior stair resurfacing New stair rail New lighting in common areas New flooring on main floor Garage door opener New security for garage Resurfacing of most bath tubs New kitchen flooring , counter top and fridge in unit 4 Crack repaired New Roof 2024 Annual Potential Gross Revenue $70,980

FOR SALE DETAILS

PRICE

$1,340,000 CAD

PRICE/SF

$153 CAD /SF

# OF UNITS

7

PRICE/UNIT

$191,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,424 SF

ZONING

-

APN/PARCEL ID

1291585

ASK ABOUT THIS PROPERTY

Laurie FearonB|L|V|D Real Estate AgencyMore Info
514-575-7984

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Laurie FearonB|L|V|D Real Estate AgencyMore Info
514-575-7984

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.