Completely renovated, this prestigious property includes six high-end condo-style units, refurbished with high-quality materials. It also features a recently renovated medical clinic with four closed offices, two bathrooms, and two waiting rooms. The building also features a large parking lot that can accommodate more than 8 vehicles. A prime investment: high-quality property, exceptional rental income, and a strategic location on Bélanger Street, just a six-minute walk from the Iberville metro station. A true gem not to be missed!
48'3" X 40'
1944
7,600 SF
This property has been fully renovated. Here are the details:
Year -- Description
2015 -- Basement:
Efflorescence issue resolved
Enlarged basement windows
French drain and window wells installed
Insulation and new exterior cladding
Decorative concrete installed to replace grass
Concrete slab redone
Construction of two basement apartments (#1 and #2)
Roof:
Replaced with a 2-ply membrane
2017 -- Apartment 3:
Electricity:
Replaced all wall wiring
Plumbing:
Replaced indoor plumbing for kitchen and bathroom
:
Kitchen
Bathroom
Kitchen window
Rear door
Entrances:
Replaced all apartment entrance doors with fire-rated doors
2020 -- Apartment 6:
Fully renovated
Plumbing
Electricity
Insulation
New windows
Restored original flooring
2021 -- Apartment 4:
Fully renovated
Plumbing
Electricity
Insulation
New windows
Restored original flooring
2022 -- Apartment 5:
Fully renovated
Plumbing
Electricity
Insulation
New windows
Restored original flooring
Parking:
Parking area lighting installed
Summary:
Excellent profitability, prime location, impeccable renovation quality, close to the metro, and parking for over 10 vehicles.
Cap Rate (Capitalization Rate):
Gross cap rate: 5.3%, which is within the typical range for Villeray (4.5% to 6%), depending on the condition of the building, rental income, type of tenants, and proximity to the metro.
Note:
1- The tenant of appartement 5 will leave in Octobre 2026
2- Apartment 2 has just one bedroom
3- Any taxes that may be applicable on the commercial part will be assumed by the buyer
To know about the neighborhood:
Villeray -- Charm in the Heart of Montreal!
Villeray is a vibrant neighborhood located in the heart of the Island of Montreal, and one of the most sought-after areas by families, young professionals, and investors. Known for its warm atmosphere and unique character, it offers the perfect balance between dynamic urban living and residential tranquility.
The neighborhood buzzes with a rich variety of cafés, restaurants, artisanal bakeries, and local boutiques. The area also boasts excellent accessibility, with several nearby metro stations (Jean-Talon, Jarry, De Castelnau, Iberville), easy access to major highways, downtown Montreal, and an extensive network of bike paths.
With its local schools, community centers, sports facilities, and nearby services, Villeray is an ideal place to live for families and a highly attractive opportunity for investors, in a sector experiencing strong appreciation
48'3" X 40'
1944
7,600 SF
48'3" X 99'7"
4,808.24 SF
Driveway : 10
Highway , CEGEP , Daycare centre , Hospital , Metro , Elementary school , High school
Commercial , Residential
Electricity
Municipality
Municipality
Not specified
tenants efects
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