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OVERVIEW
FBG Commercial is proud to present a prime investment opportunity at 119 Conrad in Laval. This property consists of 6 spacious units, featuring 4 x 5 1/2 and 2 x 4 1/2 apartments.. At the time of purchase, one 5.5 unit will be vacant(owner occupant), allowing immediate flexibility for occupancy or rental adjustment. The average monthly rent across the building is $837, leaving significant room for rental upside.
With the current market trends and Laval’s ongoing development, this property offers substantial potential for increased rental income. Minor CAPEX investments can maximize returns, ensuring strong future cash flow.
Additionally, each tenant is responsible for their own electricity costs, contributing to the property’s low operating expenses. The property has a track record of steady occupancy, underscoring the strong rental demand in this area.
Laval’s rising market value, coupled with this property’s strategic location, ensures excellent long-term appreciation potential.
Contact us today for more details on this rare investment opportunity!
HIGHLIGHTS
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Comprising 4 x 5 1/2 apartments and 2 x 4 1/2 apartments, ideal for families and professionals.
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One 5.5 unit will be vacant at the time of purchase, providing flexibility for rental adjustments or personal use.
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Average rent of $837 per month per unit, with significant potential for upward adjustments.
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All tenants cover their electricity costs, reducing operating expenses for the owner.
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Opportunity to increase rents through light renovations or updates, maximizing ROI.
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Well maintained property with straightforward operations and management requirements.
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Washer / Dryer in all units
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Situated in Laval, a thriving market with increasing property values and demand.
PROPERTY DETAILS
Asking Price $1,100,000
Number of Units 6
Price / Door $183,333
Property Type Multi Family
Cap Rate 3.88
G.R.M. 18.23
Building SQFT 4,218
Average Rent/Unit $837
NOI $49,885
PHOTO GALLERY
6
UNITS
4,218
SQFT
1960
YEAR BUILT
MARKET SPOTLIGHT
APARTMENTS
The divisions throughout :
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4 1/2 x2
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5 1/2 x4
RENTAL VALUE
The current average rental prices for a 4 1/2 is $731, and $888 for a 5 1/2. Once units are renovated to contemporary design rental flats, there is a significant rise in demand for future rent hikes for all units.
Once restored, the average rent rises to $1200 for a 4 1/2, and $1500 for a 5 1/2 based on active rentals in the area.
LOCATION ADVANTAGE
Laval offers significant advantages for real estate investment, including its proximity to Montreal, thriving local economy, and excellent accessibility via major highways and public transit. The city boasts abundant amenities, reputable schools, and recreational opportunities, making it highly desirable for families and professionals. With a growing population, consistent real estate appreciation, and ongoing urban development, Laval combines affordability with strong market demand. Its multicultural community and vibrant quality of life further enhance its appeal, ensuring long-term growth and stable rental income for investors.
OFFERS DEADLINE
First Come, First Served basis:
This offering is only available through an online offer submission as outlined below:
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Offers should be submitted by the listing broker by email at info@fbgcommercial.com
Offer structure should include the following:
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Purchase Price
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Proposed Deposit Amount
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Proposed Due Diligence & Closing Period
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Evidence of Adequate Funds
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Company Profile
Please contact Paul Fortin @ 514-969-4036 or Jean Fortin @ 514-962-3018 for any questions or information
GEOGRAPHIC MAP
CONTACT US
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We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. The Purchaser and his team should conduct their own investigation of the property and transaction.