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LJ Immobilier
Real estate broker
Cellular :
Office : 514-500-4040
Fax :
5785, Boul. Milan,
Brossard
Centris No. 18034384
4 Room(s)
2 Bedroom(s)
1 Bathroom(s)
Magnificent real estate investment opportunity in Brossard! We're delighted to present this exceptional quintuplex on Boulevard Milan, offering an ideal location and features that make it a rare gem on the market. The building consists of five residential units, offering a variety of housing options to meet the diverse needs of tenants. The unit configuration includes two 4.5, two 5.5 and one spacious 6.5 apartments. Close to all services and with parking.
Room(s) : 4 | Bedroom(s) : 2 | Bathroom(s) : 1 | Powder room(s) : 0
As per leases
As per leases
The strategic location on Boulevard Milan in Brossard guarantees easy access to major amenities, public transportation, quality schools and surrounding green spaces. Residents will enjoy a pleasant and convenient livi...
The strategic location on Boulevard Milan in Brossard guarantees easy access to major amenities, public transportation, quality schools and surrounding green spaces. Residents will enjoy a pleasant and convenient living environment.
The quintuplex generates a gross income of $54,900 ($63,900 with parking and locker), which leaves plenty of room for optimization. 5plexes in Brossard are rare and this one provides an investor with an opportunity for growth.
The parking and locker revenues are not exploited, offering even more income options to a potential buyer.
Unit #2 spans two floors, making it ideal for an owner-occupier. In addition, the building benefits from a large backyard and generous size.
The building is equipped with natural gas and electricity. Tenants pay their own heating and electricity costs, while the landlord pays for hot water, supplied by gas.
For a buyer looking to take advantage of CMHC's Select APH program for energy efficiency, converting hot water tanks to electric could contribute significantly, if not exclusively, to achieving the 40% increase in energy efficiency required to earn the program's 100 points. Reaching this threshold in the program could enable favorable financing of up to 95% and amortization over 50 years, depending on if all the CMHC conditions and requirements are met.
Tank conversion will not only bring advantageous financing options, but will also contribute to reduced expenses, increased profitability and a faster increase in building value.
Converting from gas to electric will have no impact on rents, as hot water costs are borne by the vendor. This is solely a benefit for the landlord.
This property represents an exceptional opportunity for investors looking to expand their real estate portfolio in an in-demand sector. Don't miss the opportunity to acquire this rare Brossard quintuplex, offering excellent potential yields.
Contact us today to arrange a viewing and discover the full potential of this exceptional real estate investment on Boulevard Milan in Brossard.
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