Beautiful fiveplex offering an excellent investment opportunity in a sought-after and rapidly developing area.
The property includes four 4½ units and a spacious 6½ on the ground floor with four bedrooms--ideal for an owner-occupant or a long-term tenant.
Owned by the same proprietor since 2006, the building has been meticulously maintained over the years and features a solid structure, well-designed units, and a stable tenant base.
Gross annual income: $51,156, with leases in effect until 2026, ensuring long-term stability and secure revenue. Current rents are well below market value, providing significant upside potential for investors looking to improve returns over time.
Renovations and Improvements
Roof redone in 2021
Water heaters replaced in 2024
All balconies rebuilt in 2019
The property requires no major expenses in the short term. Ongoing, consistent maintenance demonstrates careful ownership.
Location
Ideally located in the heart of Old Longueuil, in a peaceful residential neighborhood close to all amenities.
Within walking distance of rue Saint-Charles, known for its shops, restaurants, cafés, and boutiques.
Just minutes from Cégep Édouard-Montpetit, the Longueuil--Université-de-Sherbrooke metro station, the Jacques-Cartier Bridge, and downtown Montréal.
The area offers strong rental potential, combining accessibility, quality of life, and high residential demand.
Highlights
5 units: 4 x 4½ and 1 x 6½ (ground floor with 4 bedrooms)
Gross income: $51,156
Leases in effect until 2026
Below-market rents = strong optimization potential
Solid and well-maintained building
Major recent work completed
Visits upon accepted offer only.