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2421-2429 Rue Frontenac

5 Unit Apartment Building $1,382,745 USD ($276,549 USD/Unit) 5% Cap Rate Montréal, QC H2K 2Z8

Investment Highlights

  • Located close to amenities.
  • Well maintained building.
  • Parking available.

Executive Summary

Located near Frontenac Subway Station, this multi-unit property offers significant investment potential. It features 5 residential units: 2 x 4.5 and 2 x 3.5, along with 4 coliving rooms and a shared kitchen. The basement, currently vacant, can accommodate 4 additional rooms, providing further expansion possibilities. Additionally, the garage at the rear of the property can be replaced with a triplex, with plans and a permit available (the permit will need to be reactivated). This property is perfect for investors seeking to maximize rental income in a prime location.

Property Facts

Price $1,382,745 USD
Price Per Unit $276,549 USD
Sale Type Investment
Cap Rate 5%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.06 AC
Building Size 4,329 SF
No. Stories 3
Year Built 1910

Unit Amenities

  • Air Conditioning

Site Amenities

  • Gas Range

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 5 - -
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Biker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R.2
R.2
  • Listing ID: 32931141

  • Date on Market: 8/23/2024

  • Last Updated:

  • Address: 2421-2429 Rue Frontenac, Montréal, QC H2K 2Z8

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