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Quintuplex for sale, Brossard

$1,025,000
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Maison a vendre
MLS 18034384
Address
5785, Boul. Milan , Brossard
Description
Rooms : 4 | Bedrooms : 2 | Bathroom : 1 | Powder room : 0 |
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.
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Characteristics

Property Type Quintuplex Year of construction 1971  
Type of building Semi-detached  Trade possible
Building dimensions 15.86 m x 12.19 m Certificate of Location
Living Area      
Lot dimensions 34.39 m x 20.72 m - irr Deed of Sale Signature
Zoning Residential
Pool
Water supply Municipality Parking Garage (2) , Outdoor (5)
Driveway Asphalt
Roofing Garage Fitted, Double width or more
Siding Brick Lot
Windows Topography Flat
Window Type Sliding Distinctive Features
Energy/Heating Natural gas, Electricity View
Basement Proximity University, Public transport, High school, Réseau Express Métropolitain (REM), Elementary school, Bicycle path, Park - green area, Hospital, Daycare centre, Highway  
Bathroom  
Sewage system Municipal sewer Heating system Electric baseboard units
Dimensions
Width of the building
15.86 m
Depth building
12.19 m
Lot frontage
34.39 m
Depth of field
20.72 m
Lot dimensions (Sq. ft.)
711.50 m²
Fees and taxes
School taxes :
$682 (2024)
Municipal Taxes :
$5,558 (2024)
Total
$6,240
Expenses / Energy (per year)
Energy cost
$3,485
Insurance
$4,138
Municipal evaluation
Year
2024
Lot
$327,300
Building
$438,600
Total
$765,900
Annual Gross Revenue (Potential)
Residential
$54,900
Parkings
$6,000
Other
$3,000
Total revenue
$63,900

Room dimensions

Rooms : 4    |   Bedrooms : 2    |   Bathroom : 1   |    Powder room : 0
Rooms LEVEL DIMENSIONS Type of flooring Additional information
Dining room Ground floor  8.11x9.5 ft.   - irr Ceramic tiles 
Hallway Basement  6.10x10.1 ft.   - irr Floating floor 
Kitchen Ground floor  9.5x8.11 ft.   - irr Ceramic tiles 
Living room Basement  12.6x10.1 ft.   - irr Floating floor 
Living room Ground floor  10.2x16.9 ft.   - irr Parquetry 
Home office Basement  5x17.7 ft.   - irr Floating floor 
Primary bedroom Ground floor  13.11x11.2 ft.   - irr Parquetry 
Dining room Basement  8.1x8.11 ft.   - irr Ceramic tiles 
Bedroom Ground floor  9.1x14.10 ft.   - irr Floating floor 
Kitchen Basement  9.6x8.10 ft.   - irr Ceramic tiles 
Bedroom Ground floor  11.3x11.6 ft.   - irr Floating floor 
Primary bedroom Basement  13.6x10.8 ft.   - irr Floating floor 
Bathroom Ground floor  7.9x7.5 ft.   - irr Ceramic tiles  Washer-Dryer
Bedroom Basement  11.1x10.8 ft.   - irr Floating floor 
Living room Basement  12.8x17.7 ft.   - irr Floating floor 
Bathroom Basement  7.5x7.4 ft.   - irr Ceramic tiles  Washer-Dryer

Inclusions

As per leases

Exclusions

As per leases

Addenda

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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