Magnificent income property consisting of 21 units located in Côte-des-Neiges/Notre-Dame-de-Grâce, near the University of Montreal, HEC, polytechnic school, Sainte-Justine Hospital, Plazza Côte-des-Neiges as well as all facilities. A bus is at the corner of the street and goes directly to the Metro. 2 X 5 1/2, 1 X 4 1/2, 11 X 3 1/2 and 7 X 2 1/2 always well maintained over the years. Includes a paid laundry room in the basement as well as 6 garages (potential for additional income). Good income, excellent investment opportunity! HUGE RENT INCREASE POTENTIAL! Do not miss !
53'6" X 79'1" Irregular
1955
Concrete blocks
Asphalt and gravel
Attached , Single width
6% increase for 2023
Current income (leases) = $201,420/year *1.06 = $213,505 - new rents as of July 1, 2023, so a plus of $12,085/year = = $1000 min per month.
Income (see the list of rents for potential increase) :
2X 5 1/2 = $2250/month
1X 4 1/2 = $895/month
11X 3 1/2 = $8535/month
7X 2 1/2 = $5105/month
Laundry room income : 13000$/year
Garages X6 = $9120/year (potential revenue, they are not rented)
Heating and hot water paid by the owner.
Works and renovations:
- Bathrooms of 50% of the apartments
- New toilets 15/21 apartments
- Kitchens of 18/21 apartments
- Laminate flooring for 15/21 of the apartments
- Appliances have always been changed when broken
- Construction of a new apartment in the basement, compliant with approval of architect's plan and authorization (2009)
- Construction of a paying laundry room, 1 washer and dryer (2009)
- Front parking for 3 cars (2009)
- Copper plumbing in the basement and garage (2009)
- Scooping and construction of a large asphalt passage in front of the garage entrance and secure door (2009)
- New windows and patio doors for all apartments (2009)
- Installation of secure entrance door with Mircom intercom (2009)
- Construction left side wall of the garage (2010)
- Install 2 secure doors (2010)
- New roof (2013)
- New gas heating system, 2 furnaces and a boiler (2014)
Complete and trouble-free environmental test (2022).
Deed of sale at the beginning of January 2023.
Sold without legal warranty of quality.
53'6" X 79'1" Irregular
1955
Concrete blocks
Asphalt and gravel
Attached , Single width
10,320.99 SF
Asphalt
Driveway : 3 , Garage : 6
Highway , CEGEP , Daycare centre , Golf , Hospital , Metro , Park , Bicycle path , Elementary school , High school , Commuter train , Public transportation , University
Residential
Electricity , Natural gas
Furnace
Municipality
Municipality
All apartments except one 5 1/2 have refrigerator and stove included in the leases.
Not specified
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RE/MAX ACTION | 1225 avenue Greene, Westmount, Québec, H3Z 2A4
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