Located at 4 Avenue du Ruisseau, in the highly sought-after area of L'Île-Bizard, this waterfront income property on navigable water represents an exceptional opportunity combining strong returns with an outstanding quality of life. Set in a peaceful and green environment, the property enjoys a prime location near the Bois-de-l'Île-Bizard Nature Park, renowned for its beaches, trails, and remarkable natural landscapes. The area is also highly desirable for its quick access to three internationally renowned golf clubs: Royal Montreal Golf Club, Elm Ridge Country Club, and Saint-Raphaël Golf Club. Just minutes away, a ferry provides convenient access to Laval, close to the new Sainte-Dorothée station of the Réseau express métropolitain (REM), making commuting to downtown effortless.

This fully brick building, meticulously maintained and improved over the years, features three residential units generating annual revenues of $64,800. It stands out for its breathtaking water views, visible from nearly every room, as well as its direct access to navigable waterfront, ideal for boating enthusiasts. The current configuration includes a bachelor unit, with the potential to optimize the property to suit your needs, including the possibility of creating a main unit over two levels.

Numerous major renovations have been carried out, both aesthetically and structurally, as well as mechanically. All three kitchens have been modernized (the top-floor unit around 2016 and the lower units around 2019), along with three fully renovated bathrooms completed in 2017. Following the 2017 floods and a minor water infiltration, the ground floor was entirely rebuilt using modern materials and techniques, including polyurethane insulation and certified waterproofing tests. A thorough inspection by Pure Lift confirmed the absence of structural damage, along with preventive work to stabilize the flooring.

Notable upgrades include the installation in 2019 of a heat pump and a wall-mounted air conditioning system, the replacement of the roof with an elastomeric membrane, and a complete modernization of the electrical system with new panels and wiring. Smart thermostats were also added to the main units. Ventilation outlets and exterior lighting have been improved as well.

Exterior and functional infrastructures have been upgraded, including a new septic field installed in 2020 and the renovation of the laundry room that same year. The front steps were redone in 2016, while between 2016 and 2022, the interior of the building underwent a full refresh: doors, trims, baseboards, light fixtures, recessed lighting, and stair railings. The flooring in the second-floor unit was also sanded and refinished, enhancing the overall quality and appeal of the property.