INVESTORS AND FUTURE OWNER-OCCUPANTS--FATIMA AREA A must-see opportunity in Old Longueuil! Detached triplex built in 2006, offering three 4½-room units and currently generating $62,232 in annual gross rental income. All three units are leased through June 30, 2027. The property features brick construction on all four sides, a roof redone in 2021, and parking for up to 6 vehicles. The ground-floor unit is also a great asset for a potential owner-occupant strategy. A well-located income property, close to amenities and offering quick access to Route 132 and the Louis-H-Lafontaine Tunnel.

112-116 Léo Street | Vieux-Longueuil -- Fatima Neighborhood

A great opportunity to purchase a detached triplex built in
2006, consisting of three 4½-room units and offering an
attractive proposition for both investors and buyers who
may eventually wish to live there themselves.

RENTAL INCOME
All three units are currently rented, and the leases expire
on June 30, 2027.
- 112: $1,771/month
- 114: $1,745/month
- 116: $1,670/month
Current gross income: $5,186/month, or $62,232/year.
This rental structure allows the buyer to benefit from
established income immediately upon purchase. The
ground-floor unit is also a particularly attractive option
for a buyer who might eventually consider a owner-occupant
strategy, subject to applicable regulations and current
leases.

PROPERTY FEATURES
Built in 2006, this detached triplex stands out for its
brick exterior on all four sides. It sits on a lot of
approximately 5,325 sq. ft. and features a paved driveway
with up to 6 parking spaces.
Each unit is a 4½-room apartment with two bedrooms and its
own washer-dryer set. The building is also equipped with
three wall-mounted heat pumps.

UPGRADES AND AMENITIES
Several renovations and upgrades have been completed over
the years:
- Roof replaced in 2021
- 12,000 BTU wall-mounted heat pump installed in each of
the three units in 2021
- Asphalt driveway installed in 2021
- Shed added in 2021
- Defogged windows in 2021
- Water heaters in each apartment replaced in 2019
There is also a hot tub on the premises. It is provided as
is, with no guarantee of functionality.

LOCATION
Located in the Fatima neighborhood of Vieux-Longueuil, the
building benefits from an established residential setting
and proximity to numerous amenities: schools, daycare
centers, a park, a bike path, public transit, a CEGEP, and
a hospital.
The location also offers convenient access to Route 132 and
the Louis-Hippolyte-La Fontaine Tunnel, making it easy to
travel to Montreal and various areas of the South Shore.

A VERSATILE PROPERTY
Three 4½-room units, $62,232 in annual gross income, a
relatively recent construction for a triplex, six parking
spaces, and several improvements already completed:
112--116 Léo Street combines the features sought after for
a real estate investment in Longueuil.
A property worth considering both for enhancing a real
estate portfolio and for planning future occupancy.

At $1,100,000, a gross income of $62,232 also yields a MRB
of approximately 17.68.