Description

Excellent investment opportunity in Laval! Detached 16-unit building featuring 13 two-bedroom and 3 one-bedroom apartments, generating $202,800 in annual rental income. Walking distance to De la Concorde metro station! Major improvements include windows and patio doors in 2012, roof replacement in 2018, and balconies and railings in 2021. Strategically located near shops, services and public transportation. An attractive income-producing property with long-term investment potential!

Located at 490 Avenue Ampère in Laval, this detached
16-unit residential building presents an outstanding
opportunity for investors seeking a quality
income-producing asset with excellent long-term growth
potential. Its strategic location within walking distance
of De la Concorde metro station adds tremendous value and
enhances its rental appeal.

Built in 1977, this three-storey property features a
desirable unit mix consisting of 13 two-bedroom apartments
(4½) and 3 one-bedroom apartments (3½), catering to a
diversified rental market.

The property currently generates $202,800 in annual rental
income, with substantial room for long-term rental revenue
optimization. This combination of established income and
future growth potential provides investors with an
excellent opportunity to progressively enhance returns and
maximize the property's value over time.

Several major capital improvements have been completed,
including the replacement of windows and patio doors in
2012, roof replacement in 2018, and the refurbishment of
balconies and railings in 2021. These significant
investments in the building's major components represent
valuable advantages for prospective purchasers.

Situated on approximately 12,914 square feet of land, the
property offers a reported building area of approximately
10,812 square feet, providing an attractive multifamily
investment opportunity.

LOCATION, LOCATION, LOCATION!

Within walking distance of De la Concorde metro station,
the property benefits from excellent public transportation
access, allowing convenient commuting to Montreal and
surrounding Laval neighbourhoods. Its proximity to
shopping, essential services and major roadways further
strengthens its appeal to tenants.

With 16 residential units, $202,800 in current annual
rental income, several major improvements already completed
and significant potential for future rental income
optimization, this property combines many of the features
sought after by multifamily investors.

An excellent opportunity to expand your real estate
portfolio with an established income-producing asset, a
strategic location and attractive long-term growth and
appreciation potential!