$1,549,999
ULS: 26953797
5-6-7-Plex for sale - Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension)
8400 Av. Stuart, Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension)
Welcome to 8400 Av Stuart in the up and coming neighbourhood parc extension. Well maintained 7 Plex with 6x5.5 and 1x7.5. With lots of renovations done, owner has put in at least $150k-200k. This investment opportunity brings lots of potential for revenue optimization. don't miss out and book a visit now!!
Sale without legal warranty of quality, at the buyer's risk and peril.
Property features
3
Bedrooms
1
Bathroom
WAHID KHAN
Real Estate Broker
RE/MAX 3000 INC.
ABDUR RASHID KHAN
Residential and Commercial Real Estate Broker
RE/MAX 3000 INC.
Addendum
This property includes a 7.5 in apartment #2 which has 3 bedrooms upstairs and 1 bedroom in the basement. As well as 2 full bathrooms, one upstairs and one downstairs.
Potential revenue should be as the following:
Apt 1- Fully renovated $1750-$1800
Apt 2- $2000
Apt 3-7 $1500 each
For a total potential revenue of around $135,600
So there is a possibility of around ~ $50,000 of revenue optimization.
Renovations: ($150k-200k)
- Redid all plumbing to pex and copper. Removed lead from the city line until main line in 2022. All drain lines are ABS so there is never any blocking.
- Redid all front balconies ($12k-14k)
- Apartment #1 fully renovated with LVP flooring, floor to ceiling tiles in the bathroom, new kitchen, new electrics, new plumbing and washer & dryer stacked up. ($35K-40k)
- All other units have new kitchens, bathrooms and varnished floors except for apartment #4.
Potential revenue should be as the following:
Apt 1- Fully renovated $1750-$1800
Apt 2- $2000
Apt 3-7 $1500 each
For a total potential revenue of around $135,600
So there is a possibility of around ~ $50,000 of revenue optimization.
Renovations: ($150k-200k)
- Redid all plumbing to pex and copper. Removed lead from the city line until main line in 2022. All drain lines are ABS so there is never any blocking.
- Redid all front balconies ($12k-14k)
- Apartment #1 fully renovated with LVP flooring, floor to ceiling tiles in the bathroom, new kitchen, new electrics, new plumbing and washer & dryer stacked up. ($35K-40k)
- All other units have new kitchens, bathrooms and varnished floors except for apartment #4.
Building details and property interior
Dimensions
62' X 67' 5"
Year constructed
1962
Windows
Aluminum
Window Type
Sliding
Siding
Brick
Roofing
Elastomeric membrane
Washer/Dryer (installation)
All Units (AU)
Basement
6 feet and more, Finished basement
Lot and exterior features
Parking (total)
Garage (2)
Proximity
CEGEP, Daycare centre, Hospital, Metro, Park, Highway, Elementary school, High school, Commuter train, Public transportation, University, Bicycle path
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Occupancy
Single
Financial details
Municipal assessment (2021)
- Lot assessment
- $ 506,000
- Building assessment
- $ 959,100
- Total
- $ 1,465,100
Taxes
- Municipal (2023)
- $ 8,623
- School (2022)
- $ 1,009
- Total
- $ 9,632
Gross annual revenues (potential)
- Residential
- $ 88,500
- Total
- $ 88,500
Inclusions and exclusions
Inclusions
All hot water tanks. From Apartment #1 stove and fridge only.
Exclusions
All tenants belongings
Mortgage payment calculator
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