Multi-Unit Building with Strong Potential -- Convenient and Accessible Location
Located in an area with good walkability, this property offers an excellent investment opportunity. It consists of 6 studios, one 2½ unit, and 4 rooms. Originally configured as a 5½ unit, the layout was reconfigured to create multiple rooms and studios, optimizing space and increasing rental potential.
Several services and amenities are within walking distance, which is a valuable feature for residents.
The plumbing and electrical systems have been completely redone, providing improved comfort and safety for tenants while helping to reduce short-term maintenance costs.
At the rear, a spacious parking area with 6 parking spaces is available, a significant advantage in this area.
Although the building has not yet been fully renovated, it represents a great opportunity for improvements and value enhancement.
The recently renovated roof ensures reliable protection from the elements and peace of mind regarding the building's integrity.
Don't miss this opportunity to acquire a centrally located property with generous parking and strong potential for appreciation!
Building details and property interior
Dimensions
23' 9" X 38' 6" irr.
Year constructed
1947
Living area
171.70 m²
Basement
6 feet and more, Finished basement
Lot and exterior features
Lot size
50' X 121' 3" irr.
Lot area
563.30 m²
Parking (total)
Driveway (8)
Proximity
CEGEP, Daycare centre, Park, Highway, Elementary school, High school, Public transportation, Bicycle path
Characteristics
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2023)
Lot assessment
$ 24,800
Building assessment
$ 280,100
Total
$ 304,900
Taxes
Municipal
(2025)
$ 10,205
School
(2025)
$ 121
Total
$ 10,326
Annual expenses
Insurance
$ 5,680
Cable (TV)
$ 1,941
Snow removal
$ 673
Total
$ 8,294
Energy expenses
Electricity
$ 5,650
Total
$ 5,650
Gross annual revenues (potential)
Residential
$ 67,500
Total
$ 67,500
Inclusions and exclusions
Inclusions
4 mini fridges (24-inch), 8 refrigerators, 8 stoves, 8 washers and 8 dryers, 1 kitchen set (table and chairs for Studio #11).
Exclusions
All personal belongings of the tenant and the seller.