With a small income property, the numbers matter. Here, they're worth a closer look. Current rents total $2,100 per month, or $25,200 per year, giving investors a straightforward opportunity that's easy to understand even as a first investment. Two units with separate addresses at 117 Campeau and 921 Lessard, right in the heart of Sainte-Adèle.
1930
PVC
Concrete blocks , Stone
Wood
Elastomeric membrane
Wood
A SMALL INCOME PROPERTY WORTH RUNNING THE NUMBERS ON
For an investor, the starting point is simple: what is the property generating today?
At 117 Campeau / 921 Lessard, current rents total $2,100 per month, or $25,200 per year. At the $399,000 asking price, that works out to a gross rent multiplier of approximately 15.8.
That's what makes this duplex worth considering for someone looking to add a small income property to a portfolio or take a first step into real estate investing. The case here isn't built around hypothetical future rents -- it starts with the income in place today.
The property has two units with separate addresses and is located in Sainte-Adèle, close to local services, shops and activities.
An income property doesn't have to be complicated to make sense. Start with the numbers, then come see the property behind them.
The rents used for this listing are currently $700 and $1,400 per month.
1930
PVC
Concrete blocks , Stone
Wood
Elastomeric membrane
Wood
55'6" X 57'
2,980.53 SF
Wooded
Sloped
View of the mountain , Panoramic , View of the city
Driveway : 3
Highway , CEGEP , Daycare centre , Golf , Park , Bicycle path , Elementary school , Alpine skiing , High school , Cross-country skiing , CARAC.PROX.SMOT , CARAC.PROX.SVTT , Public transportation
Residential
Electric baseboard units
Electricity
Municipality
Municipality
Not specified
Tenants' furniture and personal belongings.
My name is JONATHAN LAVOIE INC., RE/MAX real estate broker. How may I help you?
Do you have a question?
RE/MAX SIGNATURE | Nouvel emplacement sous-peu. , Sainte-Julie, Québec,
Hello, my name is JONATHAN LAVOIE INC., real estate broker. Contact me for more information.
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