1973
$290,040
2
1
1
Building with **nine indoor garages** and strong potential for income optimization. Down payment requirements will vary depending on the financing obtained, whether an **SCHL-insured mortgage or conventional financing**. Information provided for reference only; existing mortgages are not covered by any APH program. Visits are permitted only following acceptance of a promise to purchase and upon presentation of proof of funds. Heating and gas expenses are based on estimates from the previous year.
**EXCELLENT INVESTMENT OPPORTUNITY -- MULTI-RESIDENTIAL
PROPERTY**
Located in **Ahuntsic**, this building features **25
residential units** as well as **9 garages** and is located
only **5 minutes from Sauvé Metro Station**.
The property currently generates **annual revenue of
$309,960**, with a **100% occupancy rate**, meaning no
vacancies, demonstrating strong rental demand and stable
income.
**Additional income potential:** one locker is currently
available and could generate approximately **$400/month, or
$4,800 annually**, subject to rental.
**Tenants are responsible for their electricity costs**,
with the exception of **Unit 100 located in the basement**,
for which electricity is paid by the owner.
The property has benefited from several recent
improvements. The **central gas water heater**, which
services the entire building, was replaced in **2024**,
while a **new furnace was installed in 2025**, helping to
limit major short-term expenses.
The **electrical panels are all equipped with circuit
breakers**, and several units have also undergone
renovations.
There is currently no contract in place with **Coinamatic**
for the washers and dryers, providing an additional
opportunity to optimize revenue.
**Property Highlights:**
25 residential units
9 garages
Annual revenue of **$309,960**
**100% occupancy rate**
Approximately 5 minutes from Sauvé Metro Station
**Electricity paid by tenants**, except for basement Unit
100
Available locker: potential income of approximately
**$400/month**, or **$4,800/year**
New furnace -- **2025**
Central gas water heater replaced -- **2024**
Electrical panels equipped with circuit breakers
Several renovated units
No current Coinamatic contract
**Potential for further rental income optimization**
An excellent opportunity to acquire a well-established
multi-residential property offering a **desirable
combination of stable income, full occupancy, 9 garages,
electricity costs largely assumed by tenants, recent
improvements, and additional income potential**.
| Type | |
|---|---|
| Style | Detached |
| Dimensions | 55x90 P |
| Lot Size | 7707 PC |
| Insurance | $ 8455 / year |
|---|---|
| Energy cost | $ 23568 / year |
| Snow removal / Lawn mowing | $ 919 / year |
| Municipal Taxes (2026) | $ 23411 / year |
| School taxes (2026) | $ 2842 / year |
| Heating system | Air circulation |
|---|---|
| Driveway | Asphalt |
| Roofing | Asphalt and gravel |
| Proximity | Bicycle path, Daycare centre, Elementary school, High school, Highway, Park - green area, Public transport |
| Siding | Brick |
| Distinctive features | Environmental study phase 1 |
| Garage | Fitted, Heated |
| Parking | Garage |
| Sewage system | Municipal sewer |
| Water supply | Municipality |
| Heating energy | Natural gas |
| Foundation | Poured concrete |
| Zoning | Residential |
9964 Av. Papineau, Montréal (Ahuntsic-Cartierville)), QC H2B 1Z8
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