Anjou: Playing with a head start

This quiet Montreal neighborhood has not yet been the object of intensive speculation by real estate investors. However, this area, already well served by highways, will undergo a total metamorphosis with the upcoming arrival of the Metro.

Indeed, the blue line extension works have already started and will make Anjou the future terminus. Take a look at the many developments around the Montmorency terminus, and imagine what Anjou will look like in the next few years.

Located less than 15 minutes from this future Metro station, the building is already perfectly located in Anjou. Indeed, all the attractions of this family area are within walking distance: grocery store, pharmacy, school, park, hospital... You will have no trouble renting the units when the time comes.

8435-8439 Boul. de Châteauneuf

This turnkey triplex is the very definition of a passive investment. With over $200,000 recently invested, you will not have to do any major work for several years. Moreover, your tenants will not bother you every 4 mornings for minor repairs. You will only have to collect your rents without worrying about the rest.

Moreover, the building is presented to you at only 16.5 times the gross income. So with a 20% down payment and a 30 year amortization, the rents cover all expenses (Mortgage, Taxes, Insurance, Maintenance and Management). You won't have to take out money every month to keep your investment.

Finally, all the apartments are 5 ½ with 3 real closed bedrooms. These types of apartments are the most in demand since the pandemic and the generalization of telecommuting. The rental market is suffering from a real shortage of these large units.

Among the many renovations done in the last 2 years, here are the most important ones:

- Roofing

- Doors and windows, including the garage door.

- Complete electrical and plumbing repairs including replacement of the main sewer.

- Construction of a new apartment in the basement, including a new concrete slab.

- Kitchen, bathroom, flooring and heat pump in the 2 other apartments.

- Insulation and soundproofing (urethane, cellulose and roxul)