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488 Boul Adolphe-Chapleau 8 Unit Apartment Building $1,795,000 CAD ($224,375 CAD/Unit) Bois-des-filion, QC J6Z 1J9
Investment Highlights
- Detached 8plex generating over $107,000 in annual rental income with established occupancy.
- Features ten outdoor parking spaces for resident convenience.
- Recent roof replacement in 2022 enhances durability and reduces maintenance risk.
Executive Summary
This investment opportunity features a detached 8plex situated in Bois-des-Filion, a desirable community within the Greater Montreal area. The property consists of eight 4½ units generating an impressive annual income of $107,340, supported by a stable tenant base and well-maintained condition. Built in 1987 with brick and wood construction, the building benefits from a recent roof replacement completed in 2022, minimizing near-term capital expenditures. Each unit is equipped with electric heating systems, and tenants cover heating and hot water costs, reducing operational overhead for ownership.
The asset includes ten outdoor parking spaces, adding significant convenience for residents. Located near key amenities, shopping, and major road connections, this property combines ease of access with neighborhood functionality. Offering steady cash flow and upside potential, this 8-unit property presents an appealing acquisition for investors seeking strong returns and long-term value in a market with consistent rental demand.
The asset includes ten outdoor parking spaces, adding significant convenience for residents. Located near key amenities, shopping, and major road connections, this property combines ease of access with neighborhood functionality. Offering steady cash flow and upside potential, this 8-unit property presents an appealing acquisition for investors seeking strong returns and long-term value in a market with consistent rental demand.
Property Facts
| Price | $1,795,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $224,375 CAD | Building Class | C |
| Sale Type | Investment | Building Size | 8,700 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 1.15/1,000 SF |
| Price | $1,795,000 CAD |
| Price Per Unit | $224,375 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 8,700 SF |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 1.15/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
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488 Boul Adolphe-Chapleau
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