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7781 22e Avenue, Montréal (Villeray, QC H2A

$1,590,000

  • 1 Bedrooms
  • 1 Bathrooms
  • 1965
  • MLS: 21513152

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.

Addendum

+ 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

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
CHARACTERISTICS
Landscaping Fenced
Heating system Electric baseboard units
Water supply Municipality
Heating energy Electricity
Foundation Poured concrete
Siding Brick
Distinctive features Street corner, Environmental study phase 1, Environmental study phase 2
Proximity Elementary school, High school, Public transport, Daycare centre
Sewage system Municipal sewer
Window type Sliding
Topography Flat
Zoning Residential
Roofing Asphalt and gravel

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This property is presented in collaboration with RE/MAX EXCELLENCE INC