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Emmanuel Khoury An Ally in your Montreal Real Estate Journey

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Property

Description

3 VACANT UNITS: Set Your Own Rents! This refreshed triplex in Côte-Saint-Paul is being sold with no existing leases to take over and no below-market rents. Potential rental income of $79,200 per year, at a price of just $366,667 per unit. The electrical system has been completely redone, the kitchens and bathrooms have been upgraded, and the 6.5-foot basement offers potential for an additional unit. Looking to owner-occupy? Move into the spacious ground-floor unit and let the two upstairs apartments generate $3,600 per month in rental income. Ideally located near Jolicoeur metro station, the Lachine Canal, and Avenue de l'Église.

Welcome to 1823-1827 Le Caron Street.

INVESTORS: WHY THIS PROPERTY?

Market-rate rental income from day one. All three units are vacant. No existing leases or outdated, below-market rents to take over. You set today's rental rates and choose your own tenants.

- 1823 (ground floor): $3,000/month
- 1825: $1,800/month
- 1827: $1,800/month Total potential income: $79,200 per year.

An attractive entry price with room for growth. At $1,100,000, the gross revenue multiplier is approximately 13.9, with a price of just $366,667 per unit, in an area where triplexes sell quickly.

Major upgrades already completed. The electrical system has been completely redone. The heating systems in units 1825 and 1827 have been converted to electric heating. Kitchens and bathrooms have been upgraded. The property is ready to rent without additional renovations.

Value-add potential. With a ceiling height of 6.5 feet, the basement offers the possibility of adding a fourth unit, potentially increasing both rental income and property value. The buyer must conduct their own verifications with the borough regarding feasibility and applicable regulations.

A strong rental location. Proximity to the metro, Lachine Canal, and quick access to downtown attracts a stable pool of potential tenants.

OWNER-OCCUPANTS: WHY LIVE HERE?

Let your tenants cover a significant portion of your mortgage. Units 1825 and 1827 could generate $3,600 per month, or $43,200 annually, in rental income.

Move in without renovations. The spacious ground-floor unit (1823) features an upgraded kitchen and bathroom and has been freshly painted. It is vacant and ready for immediate occupancy.

Choose your own neighbours. Both upstairs units are vacant, allowing you to select your own tenants. This is also an ideal opportunity to accommodate a family member or an adult child.

Room to grow. The 6.5-foot basement offers additional living space potential, whether for a family room, home office, gym, or possibly a future rental unit.

Enjoy neighbourhood living. The shops and restaurants along Avenue de l'Église, La Vérendrye Park, and the Lachine Canal bike path are just minutes away, with Jolicoeur metro station nearby.

LOCATION
- Jolicoeur metro station and several bus routes
- Lachine Canal and its bike path
- La Vérendrye Park
- Avenue de l'Église: shops and restaurants
- Highways 15, 20, and 720, providing quick access to downtown

Whether you're looking to invest or move in, this vacant, move-in-ready property offers outstanding potential in one of the most sought-after neighbourhoods in Montréal's Southwest borough.

Inclusions : Light fixtures

Location


Room Details

Room Dimensions Level Flooring
Hallway 4.10 x 3.6 P Ground Floor
Hallway 3.3 x 3.10 P 2nd Floor
Hallway 3.3 x 3.10 P 2nd Floor
Living room 10.4 x 14.6 P Ground Floor
Living room 9.4 x 8.9 P 2nd Floor
Dining room 9.4 x 6.9 P 2nd Floor
Dining room 10.4 x 10.8 P Ground Floor
Bedroom 9.4 x 9.4 P 2nd Floor
Kitchen 9.4 x 11.11 P 2nd Floor
Kitchen 10.8 x 17.6 P Ground Floor
Dining room 9.4 x 6.9 P 2nd Floor
Bedroom 9.4 x 9.4 P 2nd Floor
Bathroom 4.9 x 8.11 P Ground Floor
Kitchen 9.4 x 11.11 P 2nd Floor
Living room 9.4 x 8.9 P 2nd Floor
Primary bedroom 9.9 x 11.10 P Ground Floor
Bathroom 4.3 x 9.4 P 2nd Floor
Bedroom 11.0 x 9.8 P Ground Floor
Bedroom 10.11 x 11.9 P Ground Floor
Basement 26.7 x 42.8 P Basement
Bedroom 6.2 x 10.0 P Basement

Characteristics

Basement 6 feet and over, Unfinished
Driveway Asphalt
Roofing Asphalt and gravel
Available services Balcony/terrace
Siding Brick
Proximity Cegep, Daycare centre, Elementary school, High school, Highway, Hospital, Park - green area, Public transport, University
Window type Crank handle, Hung
Heating system Electric baseboard units
Heating energy Electricity
Sewage system Municipal sewer
Water supply Municipality
Foundation Poured concrete
Zoning Residential

This property is presented in collaboration with EXP AGENCE IMMOBILIÈRE