Renovated revenue property offered at less than 14.5x the gross revenue! All apartments will be rented as of July 1st 2023, bringing in $122,700 yearly, and all tenants have been subject to credit checks. The property was recently converted into an 8plex in 2022/2023 with the required permit. Some of the work and renovations are in the process of being completed, these including the construction of the 2 basement units and the landscaping which will be done in May/June 2023. The other work done includes:
-The main water supply has been replaced by a 6 inch pipe
-New cement slab in the basement
-8 new hot water tanks
-Stairs to basement replaced with metal stairs
-Front exterior staircase replaced
-All front window sills replaced
-All basement windows replaced in 2023
-Front balconies coated with black aluminum
-All apartment doors replaced with new handles
-Almost all electrical wiring has been replaced (year unknown)
-Most of the electricity replaced except for panels that were redone by previous owner.
-Recessed lights redone
-Vinyl flooring
-New kitchens
-Bathrooms redone to new
-Kitchen hood redone in stainless steel
-Addition of an interior door at the entrance with new digital keypad lock
-Freshly painted
-New electric baseboards
-Additional water valve in front and back of building to attach garden hose
-Roof redone in 2019
-Brick at the back of the building redone in 2012
-The front and back foundation walls in the basement, as well as 3 feet of the side walls, were treated with urethane in 2023
-All thermostats were changed to digital thermostats

The property is also only a few minutes away from the A40, restaurants, buses leading to Honore-Beaugrand metro, grocery stores, Walmart, Place Versailles, and more. With the new modern look of these apartments and considering the calm residential neighbourhood, this property is sure to be a great investment.