Properties

199 Av. Michaud

$699,900

Laval (Laval-des-Rapides) H7N3P3

| MLS: 26078191


Description

Located just steps away from the Université du Québec à Laval, this income property is already generating stable and positive cash flow with three units currently rented. Its prime location, in close proximity to the university, makes it an ideal choice for students and professionals, ensuring a constant rental demand. Additionally, this property offers significant development potential. With further renovations, it could be converted into a sixplex, effectively doubling its income potential. Don't miss out on this investment opportunity!

All the necessary permits to carry out the work have
already been acquired, allowing the renovations to begin
without delay. This project offers great potential for
development and space optimization, increasing the value
and yield of the building.

UNITS ONCE RENOVATED APPROVED BY THE PPCMOI

3 1/2 (x2) - Of which 1 will be on two floors.
2 1/2 (x3)
Studio/Loft (x1)


LOCATION

-6 minutes from Métro grocery store
-7 minutes from Centropolis
-5 minutes on foot to Paul-Marcel-Maheu Park
-6 minutes from Place Bell
-6 minutes from St. Norbert Elementary School
-5 minutes from Montmorency College
-6 minutes from UQAM in Laval
-8 minutes from the Ambulatory Care Center

Inclusions : Tenant's Effects Rent #6: Murphy bed, sofa, table and 2 chairs, refrigerator. Rent #2: Stove and refrigerator, single bed.

Location

Characteristics

Heating system Electric baseboard units
Water supply Municipality
Heating energy Electricity
Foundation Poured concrete
Siding Asphalt shingles
Proximity Highway, Cegep, Hospital, Park - green area, Elementary school, High school, Public transport, University, Bicycle path, Daycare centre
Basement 6 feet and over, Finished basement
Parking Outdoor
Sewage system Municipal sewer
Zoning Residential

Overview

Liveable Area N/A
Total Rooms 0
Bedrooms 0
Bathrooms 0
Powder Rooms 0
Year of construction 1965

Building

Type
Style Detached
Dimensions 32x42 P
Lot Size 461.08 MC

Expenses

Municipal Taxes (2024) $ 5677 / year
School taxes (2024) $ 377 / year

Share

     

This property is presented in collaboration with RE/MAX ALLIANCE INC.