$2,099,000
ULS: 15856966
8-15-Plex
for sale
3232 Rue Des Ormeaux, Montréal (Mercier/Hochelaga-Maisonneuve) (Mercier)
8-unit building with 3½ apartments, completely renovated from A to Z in 2024--2025: electrical, plumbing, ventilation, windows, patio doors, balconies, roof, etc. Each unit is equipped with a wall-mounted heat pump. Annual effective gross income of $127,200 with very low operating expenses. The seller holds an energy efficiency report prepared by an engineer in 2024. No major improvements anticipated for the next 10 to 15 years.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Property features
1
Bedroom
1
Bathroom
Addendum
Excellent return on investment -- 16 times the gross income -- with potential financing available through the MLI Select program for a loan amount of approximately $1.8M.
Building details and property interior
Dimensions
24' 4" X 45'
Year constructed
1957
Windows
PVC
Siding
Brick
Roofing
Elastomeric membrane
Dividing Floor
Wood
Basement
6 feet and more, Finished basement
Lot and exterior features
Lot size
24' 5" X 89' 9"
Lot area
2,205 ft²
Topography
Flat
Parking (total)
Driveway (2)
Proximity
Daycare centre, Other, Public transportation, Park, Highway
Characteristics
Heating System
Convection baseboards, Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2025)
- Lot assessment
- $ 169,000
- Building assessment
- $ 590,200
- Total
- $ 759,200
Taxes
- Municipal (2025)
- $ 4,615
- School (2025)
- $ 682
- Total
- $ 5,297
Annual expenses
- Insurance
- $ 4,249
- Maintenance
- $ 2,000
- Total
- $ 6,249
Energy expenses
- Electricity
- $ 452
- Total
- $ 452
Gross annual revenues (potential)
- Residential
- $ 127,200
- Parking
- $ 3,000
- Total
- $ 130,200
Inclusions and exclusions
Inclusions
8 water heaters of 40 gallons each.
Exclusions
Personal belongings of tenants.
Mortgage payment calculator
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