$993,000

Triplex for sale

1851-1855 avenue Valois Mercier / Hochelaga / Maisonneuve Montréal / l'Île

No. 1143554

With income
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This person mentioned they are registered with the National Do Not Call List (DNCL).
NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
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The steps involved in buying a property Buy
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Are you interested in this property?
Here’s how to contact the owner
Send a message

Are you a real estate agent?

This person mentioned they are registered with the National Do Not Call List (DNCL).
NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
3 bedrooms
1 bathroom
Lot dimensions 2,042.99 ft² (189.8 m²)

Owners’ comments

Automated translation

Turnkey investment opportunity: 100% rented triplex in Hochelaga-Maisonneuve

Seize the opportunity to acquire an efficient and strategic real estate asset, located at 1851-1855, Avenue Valois, in the heart of one of Montreal's most sought-after neighborhoods.

This triplex of 3 floors above ground, built in 1927, offers a solid financial structure and immediate peace of mind for the future purchaser.

Financial performance and leases

Monthly revenue: $4,473 Annual
revenue: $53,676 Occupancy
rate: 100%
Lease validity: All leases are in force and secured until June 30, 2027.

Zero energy inclusion: Tenants assume all of their costs (electricity, heating, internet). No energy expenditure at the expense of the owner.

The strengths for the investor

Peace of mind (Major renovations): The ground floor unit as well as the 3rd floor unit have benefited from numerous recent updates (kitchens, bathrooms, floors, plumbing, plumbing, electricity, electricity, heating and paint).


Healthy building: Poured concrete foundation, gravel and bitumen roof, and classic brick exterior siding.
Rental comfort: Independent electric heating and heat pumps installed in 2 of the 3 homes

.


Optimal housing configuration (Three large 5 1/2) - Each unit has been designed to maximize space and retain excellent tenant profiles:

  • Living space: Open concept living room and kitchen offering a modern and friendly layout.
  • Rooms: 3 real closed rooms, each with a window (an extremely rare and sought-after configuration on the rental market).
  • Amenities: Functional bathrooms with washer-dryer space.
  • Outdoor spaces: A large exclusive courtyard for the occupants of the ground floor and large private balconies at the back for the two units on the upper floors.

Strategic location: The best of Hochelaga-Maisonneuve

Located in the Mercier/Hochelaga/Maisonneuve sector, the building benefits from continuous rental demand supported by a dynamic urban lifestyle:

  • Trendy neighborhood life: Within walking distance of local businesses, micro roasters, microroasters, parks, and renowned restaurants on Ontario Street and St. Catherine's Promenade.
  • Transport: Quick access to the area's metro stations, bus lines and major highways to reach the city center quickly.
  • Major attractions: Close to Cégep Maisonneuve (large pool of potential tenants), the Maisonneuve Market, the Olympic Stadium and Maisonneuve Park.

Additional technical sheet

Building dimensions: 24.3 x 38.7 ft (7.41 x 11.80 m) Land
area: 2,042.99 ft² (189.8 m²)
Basement: Low (6 feet and less), unfinished (crawl space), ideal for technical access.
Total municipal assessment: $747,800 (Land: 256,200 | Building: 491,600

)


A safe bet combining stable incomes, optimized housing and rigorous maintenance in a fast-growing sector.

Asking Price: $993,000

Complete Description
Complete Description

Property features

Asking Price
$993,000
Details
With income
Year of construction
1927
Building dimensions
24.3x38.7 ft (7.41x11.80 m)
Occupation rate
100
Lot's municipal evaluation
$256,200
Building's municipal evaluation
$491,600
Annual income
$53,676.00
3 Bedroom
3

External facing:

  • Brick

Foundation:

  • Cast concrete

Roof:

  • Gravel and asphalt

Heating source:

  • Electric
  • Thermo-pump

Kitchen:

  • Melamine cabinets

Basement:

  • Low (6 feet or under)
  • Unfinished
  • Crawl space

Upgrades:

  • Cabinets
  • Heating
  • Kitchen
  • Electrical
  • Painting
  • Floors
  • Plumbing
  • Doors
  • Bathrooms

Location:

  • Near park

Near Commerce:

  • Bank
  • Bar
  • Drugstore
  • Restaurant

Near Health Services:

  • Health club / Spa
  • Medical center
  • Dentist

Near Educational Services:

  • College
  • Elementary school
  • High School
  • Daycare
  • Kindergarten

Near Recreational Service:

  • Bicycle Path

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$100.69
$1,208.26
Municipal taxes
$415.31
$4,983.72
Total known costs
More info on the costs involved in buying a property

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$4,473.00
$53,676.00

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

1
Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

2
Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

3
Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

4
Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

Download the legal documents that you need

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$993,000

Triplex for sale

1851-1855 avenue Valois Mercier / Hochelaga / Maisonneuve Montréal / l'Île

No. 1143554

With income
Apply for your Desjardins mortgage financing
Are you interested in this property?
Here’s how to contact the owner
Send a message

Are you a real estate agent?

This person mentioned they are registered with the National Do Not Call List (DNCL).
NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
See it on the map
The steps involved in buying a property Buy
Print
Are you interested in this property?
Here’s how to contact the owner
Send a message

Are you a real estate agent?

This person mentioned they are registered with the National Do Not Call List (DNCL).
NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
Do you want to sell commission-free, too?
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