This income-generating 24-unit complex is composed of four rental buildings, each containing six spacious, well-lit apartments. The unit mix includes eighteen 4½-room and six 5½-room units, all offering spacious layouts and washer-dryer outlets--features that contribute to tenant appeal and operational efficiency. Included in the sale is an adjacent vacant lot currently used for parking, increasing total on-site parking capacity to 32 spaces--an important asset in tenant retention and potential revenue generation. Two of the buildings were constructed in 1991, with the remaining two completed in 1992. Over the past decade, the property has
60' X 34'
1991
PVC
Sliding , Casement
Poured concrete
Aluminum , Brick
Asphalt shingles
Ceramic , Laminate floor
Wood
benefited from a series of capital improvements, including the replacement of selected windows and patio doors, resurfacing of balconies, installation of new railings, asphalt repairs, foundation crack remediation, and the full replacement of one roof in 2020.
The property currently generates annual rental income of $312,828, with substantial potential for increased revenues in the coming years. Many units remain at below-market rents, offering a clear opportunity for repositioning through gradual rent adjustments and strategic lease renewals. Located directly across from a park and an arena, and within close proximity to all essential services and amenities, this well-rented complex with quality tenants offers long-term stability, strong fundamentals, and excellent upside for the forward-thinking investor.
Please note the dimensions of the buildings are as follows:
511 to 521 St-Isidore: 18.30 m x 10.36 m
523 to 533 St-Isidore: 18.30 m x 10.36 m
535 to 545 St-Isidore: 19.51 m x 12.25 m
547 to 557 St-Isidore: 18.31 m x 10.38 m
60' X 34'
1991
PVC
Sliding , Casement
Poured concrete
Aluminum , Brick
Asphalt shingles
Ceramic , Laminate floor
Wood
300' X 200' Irregular
49,998.36 SF
Flat
Asphalt , Unpaved
Driveway : 32
Highway , Daycare centre , Golf , Park , Bicycle path , Elementary school , High school , Cross-country skiing , Public transportation
Residential
Unit | Room | Level | Dimensions | Flooring | Description |
---|---|---|---|---|---|
3 (app.) | Living room | 2nd level | 12'9" X 13'10" | Laminate floor | |
3 (app.) | Kitchen | 2nd level | 12'11" X 14' | Laminate floor | |
3 (app.) | Bedroom | 2nd level | 11'5" X 10'5" | Laminate floor | |
3 (app.) | Bathroom | 2nd level | 7'11" X 7'10" | Ceramic | Laundry Room |
3 (app.) | Primary bedroom | 2nd level | 10'6" X 11'5" | Laminate floor | |
12 (app.) | Living room | 2nd level | 13'2" X 11'8" | Laminate floor | |
12 (app.) | Kitchen | 2nd level | 14'4" X 14'4" | Laminate floor | |
12 (app.) | Bedroom | 2nd level | 9'6" X 11'8" | Laminate floor | |
12 (app.) | Bathroom | 2nd level | 8'2" X 7'10" | Ceramic | Laundry Room |
12 (app.) | Primary bedroom | 2nd level | 11'11" X 11'9" | Laminate floor |
Convection baseboards , Electric baseboard units
Electricity
Municipality
Municipality
24 Hot Water Tanks (10 Years old or less), 1 Shed
Tenants' Personal Belongings
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RE/MAX ACTION | 8280 boul. Champlain, Montréal (LaSalle), Québec, H8P 1B5
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