Multi-family (2 to 5 units)
1138-1146 Rue D'Argenson, Montréal (Le Sud-Ouest)
Unique 5-plex just steps (300m) from Charlevoix metro in Pointe-Saint-Charles. Municipal evaluation over $1.6M, offered at only $1,399,000 -- less than $235K per door. Strong rental income ($88,380/yr) with low expenses ($16,613). Features 12-14 bedrooms, triple garage, private courtyard for the ground unit, and backs onto a new city park. Brick needs pointing but major issues addressed over time. Financing not available due to soil contamination, but seller financing possible. Excellent opportunity for buy-and-hold, optimization, or owner-occupant.
Rare opportunity in Pointe-Saint-Charles -- a solid 5-plex located less than 300 meters from Charlevoix metro. Backing onto a brand-new city park, this large brick property offers strong income and remarkable potential.
Highlights:
Listed at $1,399,000, well below the municipal evaluation of over $1,600,000.
Price per door: under $235,000.
Rental income: $88,380 annually.
Expenses (municipal & school taxes + insurance): $16,613 annually.
Net operating income: over $71,700.
Between 12 and 14 bedrooms total, depending on configurations.
Includes a triple car garage and plenty of tenant appeal.
The ground-floor unit is exceptionally spacious, featuring four bedrooms and a private interior courtyard -- ideal for an owner-occupant seeking comfort in the heart of the city. The remaining units are rented to reliable tenants, providing consistent cash flow.
While the exterior brick requires pointing and the building shows its age, major issues have been addressed over time. This ensures stability while leaving room for future optimization and value growth.
Important note: The property cannot be financed through traditional institutions due to documented soil contamination. No decontamination is required, but standard mortgages will not be possible. To make this opportunity accessible, the seller is open to seller financing, giving investors and buyers the flexibility to acquire a high-value asset at a reduced price.
Why invest here?
Strong cash flow and below-market pricing.
Steps from the metro and backing onto a new park.
Perfect for a buy-and-hold, buy-and-optimize, or even owner-occupant strategy.
Located in one of Montreal's most sought-after neighborhoods with long-term growth potential.
Serious investors and buyers are welcome to seize this unique chance to acquire a large income property in an unbeatable location.
The listing broker represents the seller exclusively in this transaction. Buyers who do not have a broker may deal directly with the listing broker, and will receive fair and equitable treatment.
- Land evaluation
- 586 100 $
- Building evaluation
- 1 050 800 $
- Total
- 1 636 900 $
- Insurance
- 6 348 $
- Municipal Taxes (2025)
- 9 108 $
- School taxes (2025)
- 1 157 $
- Total
- 16 613 $