677 - 687 4e Avenue, Montréal (Lachine), QC, H8S 2V5

MLS® # 11755413

new listing

Investment For Sale In Verdun, Montréal (Lachine), Quebec

$1,149,000

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Frontage - 677 - 687 4E Avenue, Montréal (Lachine), QC - Outdoor

Frontage - 677 - 687 4E Avenue, Montréal (Lachine), QC - Outdoor With Exterior

Balcony - 677 - 687 4E Avenue, Montréal (Lachine), QC - Outdoor

Hall - 677 - 687 4E Avenue, Montréal (Lachine), QC - Indoor Photo Showing Other Room

Kitchen - 677 - 687 4E Avenue, Montréal (Lachine), QC - Indoor Photo Showing Other Room

Kitchen - 677 - 687 4E Avenue, Montréal (Lachine), QC - Indoor Photo Showing Kitchen

Living room - 677 - 687 4E Avenue, Montréal (Lachine), QC - Indoor

Bedroom - 677 - 687 4E Avenue, Montréal (Lachine), QC - Indoor Photo Showing Bedroom

Bathroom - 677 - 687 4E Avenue, Montréal (Lachine), QC - Indoor Photo Showing Bathroom

Kitchen - 677 - 687 4E Avenue, Montréal (Lachine), QC - Indoor

Kitchen - 677 - 687 4E Avenue, Montréal (Lachine), QC - Indoor Photo Showing Dining Room

Back facade - 677 - 687 4E Avenue, Montréal (Lachine), QC - Outdoor

Backyard - 677 - 687 4E Avenue, Montréal (Lachine), QC - Outdoor

Backyard - 677 - 687 4E Avenue, Montréal (Lachine), QC - Outdoor With Exterior

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677 - 687 4e Avenue, Montréal (Lachine), QC, H8S 2V5

$1,149,000

Property Information:

Superb investment opportunity on 4th Ave. : well-located 6-plex of six 4½ units with high ceilings & 2 bedrooms each, offering significant value-add potential through renovations that can meaningfully increase rents. Renovated comparables in the area show strong upside for revenue growth & long-term appreciation, making this solid, well-positioned building an excellent choice for investors seeking strategic improvements, BRRR-style value creation, + reliable addition to their portfolio. The property offers option of rebuilding a new structure - subject to municipal approvals - providing a chance for redevelopment & future value.

- Six 4 1/2 units - all with 2 closed bedrooms
- High ceilings
- 5 storage spaces available
- Significant value-add potential: units are excellent candidates for cosmetic refreshes or complete renovations
- Strong upside on rental income: renovated comparables in the area suggest substantial room to increase gross revenue to current market standards
- Highly desirable location on Fourth Avenue, offering strong tenant demand thanks to its calm residential character, convenient access, and proximity to essential services
- Well-maintained and structurally solid building with promising long-term appreciation
- Perfect opportunity for investors seeking BRRR potential, a long-term hold with strong forced appreciation, or even a future condo conversion (subject to municipal approval)

Inclusions: 5 storage spaces

Building Features:

Building amenity and common areas: Escalator, Indoor storage space
Foundation: Poured concrete
Parking: Driveway
Roofing: Elastomeric membrane
Heating System: Electric baseboard units
Heating Energy: Electricity
Water Supply: Municipality
Sewage System: Municipality

Potential Gross Revenue:

Residential: $61,680

Taxes:

Municipal Tax: $4,918
School Tax: $590
Annual Tax Amount: $5,508

Property Assessemnt:

Lot Assessment: $291,200
Building Assessment: $449,800
Total Assessment: $741,000

Property Features:

Built in: 1920
Floor Space (approx): 4800.0 Square Feet
Lot Depth: 76.0 Feet
Lot Frontage: 50.0 Feet
Lot Size: 3800.00 Square Feet
Zoning: RESI
No. of Parking Spaces: 3

Revenue Units:

Unit 1

Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

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Notes:

Michael Ghorbanian

Residential and Commercial Real Estate Broker Royal LePage Heritage , Real Estate Agency*

Mobile:514.663.7793

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Market Price Trends

All Properties

-0.22%

Price change (1 year)

20.57%

Price change (5 years)

Location of 677 - 687 4e Avenue, Montréal (Lachine), QC, H8S 2V5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

33 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

33 hot days expected in 2050

50/100

Moderate

ClimateCheck®

Current data

This property, 677 - 687 4e Avenue , experiences 7 hot days per year at around 30.9 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 33 hot days at 34.3 degrees Celsius.

Projected Avg. Temperature

Past

30.9℃

2050

34.3℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

70/100

Moderate-High

ClimateCheck®

Current data

This property, 677 - 687 4e Avenue , experiences 11 significant 2-day storms per year, with about 348.8mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 450.8mm of precipitation per year.

Precipitation Per Storm

Past

348.8mm

2050

450.8mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 677 - 687 4e Avenue, Montréal (Lachine), QC, H8S 2V5

Life Stage

Young Couples

Employment Type

Service Sector

Average Household Income

$93,591.13

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.33 %

High school certificate or equivalent

15.55 %

Apprenticeship trade certificate/diploma

9.15 %

College/non-university certificate

16.64 %

University certificate (below bachelor)

4.47 %

University Degree

39.86 %

Commuter

Travel To Work

By Car

32.88 %

By Public Transit

47.15 %

By Walking

13.38 %

By Bicycle

3.23 %

By Other Methods

3.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

84.3 %

Houses

15.7 %

Own Vs. Rent

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677 - 687 4e Avenue, Montréal (Lachine), QC, H8S 2V5 $1,149,000 MLS® # 11755413