5500-5510 Rue Cartier - Apartments FOR SALE


Montréal, QC H2H 1X9
$1,550,000 CAD
438-533-6967
5500-5510 Rue Cartier, Montréal, QC for Sale
$1,550,000 CAD
Apartments - FOR SALE
1/10
null | 5.49% Cap Rate

5500-5510 Rue Cartier
Montréal, QC H2H 1X9


OVERVIEW

Charming Renovated 6plex in Prime Plateau Location Located on a peaceful, family-friendly street in the heart of the Plateau, this well-maintained 6plex features six bright and spacious 4 ½ units, three of which are fully renovated (including all 5 new appliances) and two are available to the buyer upon purchase -- offering immediate revenue or occupancy potential. Each renovated unit combines modern finishes with the enduring charm of the neighborhood, making this an ideal opportunity for investors or owner-occupants seeking long-term value in a high-demand rental market. Highlights * Six well-configured 4 ½ units * Three fully renovated units available immediately * Excellent potential for strong rental returns * Located in a quiet residential area with stable demand * Ideal blend of investment and lifestyle Renovations: - Water heaters: -4 water heaters were replaced in 2021 by the previous owner. -The current owner rents one water heater for approximately $13.50/month. -Roof: Redone in 2011 according to the previous owner, in good condition. -Windows: Replaced in 2012. -Doors: Replaced in 2012. -Rear balconies and soffits: Redone in 2017. -Sewer connection: Replaced in 2018. -Water inlet: Replaced in 2012. Prime Location -- Steps from: * Promenade Masson & Avenue Mont-Royal * Lormier Park & Père-Marquette Park * Public transportation (bus lines 45, 47, 359, 445) * Avenue Papineau and its many local businesses * Grocery stores, cafés, restaurants, pharmacies, gyms, schools, and daycares Whether you're looking to invest or move into one of Montréal's most walkable and vibrant neighborhoods, this property is a rare and compelling opportunity. A visit will convince you.

FOR SALE DETAILS

PRICE

$1,550,000 CAD

PRICE/SF

$440 CAD /SF

# OF UNITS

6

PRICE/UNIT

$258,333

CAP RATE

5.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,519 SF

ZONING

-

APN/PARCEL ID

3 795 735,3795735

ASK ABOUT THIS PROPERTY

Roger VassalloRoger Vassallo Courtier Immobilier IncMore Info
438-533-6967

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Roger VassalloRoger Vassallo Courtier Immobilier IncMore Info
438-533-6967

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.