124 Av. St-Pierre (Off Market)

For Sale, CAD 1,540,000


124 Av. St-Pierre,

Property Type : Other Residential

Property Style : N/A

Build Size : N/A

Land Size : N/A

Bedroom : 2

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

*Prime Investment Opportunity -- Renovated 8-Plex with Strong Revenues and Growth Potential

*Located on the peaceful, tree-lined avenue Saint-Pierre in highly sought-after Lachine, this fully detached and well-maintained 8-plex offers a rare and solid investment opportunity.

*The property features eight spacious and renovated 2-bedroom units, each with a separate living room. All units are currently 100% occupied by long-standing, reliable tenants, generating annual rental income of $90,000+ which is currently over 40% below market value, leaving clear room for future rent increases.

*Significant 6-figure renovations have been completed over the last 5 years, enhancing the overall quality and appeal of the building.

*Located steps from parks, daycares, and schools, with easy access to Highway 20 and the scenic Lachine Canal, this investment combines location, stability, and upside potential. Plus, free public parking is conveniently available next door with ample space.

*Financing available through Desjardins as a residential property with 25% down.

*This is a turn-key opportunity with stable cash flow and long-term growth -- a perfect addition to any real estate portfolio.

*NOTEWORTHY IMPROVEMENTS SINCE OWNERSHIP - APPROX $180K-$200K (detailed list to follow shortly) -work on the facade -tree removal -fixed major issue with drain in basement apartments -general plumbing and electrical upgrades -hot water tanks -general improvements on the building -general renos/improvements in almost all the units

*The living space provided is from the municipal assessment website. Floor plans & measurements are calculated on a net basis*
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124 Av. St-Pierre, Canada is a Canada luxury Other Residential listed for sale CAD 1,540,000. This high end Canada Other Residential is comprised of 2 bedrooms and 0 baths. Find more luxury properties in Canada or search for luxury properties for sale in Canada.