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ULS: 19050025

8-15-Plex for sale - Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel)

7195 - 7201 2e Avenue, Montréal (Villeray/Saint-Michel/Parc-Extension) (Saint-Michel)
Rare revenue property! 8 units, 1 (one) large cottage with 5 bedrooms and 7 additional units. Attractive revenue $88,800 per year with possibility of increasing. Heating, electricity and hot water included in each of the seven units. Located between St-Michel and Iberville Metro stations, short drive to highway 40 and walking distance to many convenience stores. Extremely well maintained from same owner for last circa 25 years. Today is retiring , so Golden Opportunity , not to be missed .
Sale without legal warranty of quality, at the buyer's risk and peril.

Property features

5 Bedrooms
2 Bathrooms

MARIO CONTE

Real Estate Broker

RE/MAX ACTION INC.

Addenda
Located within walking distance of parks, schools and several stores, pharmacies, restos, 2 elementary schools, high-schools (10 min) and much more, Do Not Miss.

Cottage details

4 bedrooms + 1
5 parking spaces
2 bathrooms


INCLUSION

Blinds, curtains, rods, washer and dryer (common laundry room). Stoves, refrigerators, kitchen tables and chairs according to leases.

ADDENDA

-Common laundry room for 7 PLEX
-Fridges and stoves provided
-Street parking available
-Bright daylight
-Building with excellent tenants

Apt. 01 (2 1/2) $637/month
Apt. 02 (2 1/2) $717/month
Apt. 03 (2 1/2) $715/month
Apt. 04 (2 1/2) $665/month
App. 05 (2 1/2) $736/month
App. 06 (2 1/2) $615/month
Apt. 07 (2 1/2) $615/month

Well-maintained building
Some upgrades and renos:

2004 Owner's kitchen and dining room
2008 and 2013 : Windows
2008 Pex plumbing
2010 Roof and brick joint
2014 Renovation of 2 owner's bathrooms
2016 New balconies
2021 Waterproofing of rear foundation
2022 Asphalt and fence

and much more!


Annual energy costs for both properties circa 6000$ paid by owner for ( Heating hot water and electricity)

Please see servitudes on certificate of location .
Dimensions 42' X 51' 10" irr.
Year constructed 1948
Window Type Sliding, Casement
Siding Brick
Roofing Elastomeric membrane
Washer/Dryer (installation) In Cottage (SS)
Kitchen Cabinets Wood
Lot size 49' 10" X 93' 6"
Lot area 435 m²
Driveway 5 Parkings , Asphalt
Parking (total) Driveway (5)
Proximity Public transportation, Metro, Daycare centre, Park
Heating Energy Elect Hot Water, Electricity
Water Supply Municipality
Sewage System Municipality
Occupancy Single

Financial details

Municipal assessment (2023)

Total
$ 1,108,000

Taxes

Municipal (2024)
$ 7,036
School (2023)
$ 841
Total
$ 7,877

Annual expenses

Insurance
$ 7,087
Total
$ 7,087

Energy expenses

Electricity
$ 5,730
Total
$ 5,730

Gross annual revenues (potential)

Residential
$ 56,412
Total
$ 56,412

Inclusions

Blinds, curtains, curtain rods, Washer and dryer (shared laundry room), Stove and fridge in majority of dwellings according to leases

Exclusions

Personal items belonging to the tenants

Desjardins

Mortgage payment calculator

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