Property Information:
Rare investment opportunity. This property offers excellent potential for optimization and long-term value creation. Located in a highly sought-after area of the West Island, close to services, shopping, public transportation, major roadways, and everyday amenities, this location supports strong rental demand. The property offers attractive potential for income growth through proactive management, rent optimization, and the progressive enhancement of its spaces. An ideal opportunity for an investor seeking a well-located asset with growth potential in an established and desirable market.
23-unit rental property featuring 5 indoor garage parking spaces and 15 exterior driveway parking spaces, located directly at the corner of Ave. Douglas-Shand in the Centre West neighbourhood of Pointe-Claire. Close to schools (English and French), parks (Cedar, Terra Cotta), the aquatic centre, arena, library, hospital, shopping centres, with easy access to downtown by train and bus. Don't miss this excellent opportunity.
Nearby:
Pointe-Claire Elementary School
John Rennie High School
Saint Thomas High School
Ambassador Park
Cedar Park / Heights Park
Near Saint-Jean Boulevard
Close to Highways 20 and 40
Pointe-Claire commuter train station
Bus stops: 230, 202, 221
Plaza Pointe-Claire
Pointe-Claire Aquatic Centre
Several improvements have been completed over the years. Below is a non-exhaustive list:
Generator installed for common areas, stairways and garages (2024)
Hot water heating system converted to electric baseboard heating (2009)
Water heater replaced in 2022, tank replaced in 2015
74 windows replaced in 2014, 21 fiberglass balconies installed around 2011
Surveillance cameras installed in July 2020, intercom system installed in June 2021
Parking lot paving completed in 2020
Gutters replaced in 2021
New concrete steps and landing on the north side completed in September 2023
Major renovations to units 1 and 2 completed in October 2024 following water damage
Exterior brown paint completed in 2014
Exterior pipes replaced in fall 2017
Indoor pool removed and replaced by the addition of units 1 and 2
Replacement of drains in the rear driveway of the building, approximate cost: $125,000
Side steps rebuilt in 2024 and side door also replaced in 2024
Piezo fire alarm system installed in 2005
Please note that most rents are currently below market rental value and that garage spaces are not necessarily rented year-round, offering potential for revenue optimization.
The income from the 6 garages is not included in the calculation.
Exclusions : biens des locataires
Building Features:
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Association Amenities:
Balcony/terrace, Laundry room
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Common Walls:
Detached
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Construction Materials:
Brick
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Fencing:
Fenced
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Foundation Details:
Poured concrete
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Garage:
Yes
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Heating:
Electric baseboard units, Electricity
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Lot Features:
Street corner, Highway, CEGEP, Daycare centre, Golf, Hospital, Park, Bicycle path, Elementary school, Réseau Express Métropolitain (REM), High school, Commuter train, Public transportation, University, Landscaped, Flat
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Parking Features:
Asphalt, Built-in
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Roof:
Asphalt shingles
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Size:
30.81 x 32.9 METRE
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Utilities:
Water Connected, Electricity Connected, Sewer Connected
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Water Source:
Municipality
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Sewer:
Municipality
