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
Location
Room Details
| Room | Dimensions | Level | Flooring |
|---|---|---|---|
| N/A | |||
Charateristics
| 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 |
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Overview
| Liveable | N/A |
|---|---|
| Total Rooms | 0 |
| Bedrooms | 0 |
| Bathrooms | 0 |
| Powder Rooms | 0 |
| Year of construction | 1953 |
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 |