$1,799,000
ULS: 28084259
8-15-Plex for sale - Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension)
7560 Rue Birnam, Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension)
Parc-Extension Gem! Located steps from the new MIL Campus and Acadie & Parc Metros, this expansive 8plex boasts spacious units: 3x5.5, 4x4.5, and 1x2.5. With revenues of 122,000$/yr and minimal expenses of 17K, tenants cover heat and hot water costs. This property has been well maintained, reflecting pride of ownership. 5 out of 8 units feature updated kitchens and bathrooms. In 2010, the basement apartments underwent a complete transformation with an interior French drain. Notable upgrades include a 2012 roof and front balcony floors replacement, along with 9 new electrical panels in 2010. Exceptional investment opportunity!
Sale without legal warranty of quality, at the buyer's risk and peril.
Living area
6,000 ft²
Property features
2
Bedrooms
1
Bathroom
Addendum
Location: Prime spot in Parc-Extension, steps away from the new MIL Campus and Acadie Metro.
Unit Composition: 3x5.5, 4x4.5, and 1x2.5 spacious and well-designed units.
Impressive Income: Generates over 114K/yr in revenues with minimal expenses of 17K.
Tenant Benefits: Tenants cover heat and hot water costs, enhancing convenience.
Maintenance: Meticulously maintained property exhibiting pride of ownership.
Upgrades: 5 out of 8 units feature renovated kitchens and bathrooms.
Basement Transformation: Fully redone in 2010 with a French drain installation.
Major Replacements: Roof, front balconies (2012), new electrical panel in 2010, and copper plumbing updates.
Convenience: Walking distance to amenities and public transit.
Investment Security: All leases extend through 2024; one unit currently owner-occupied.
This property presents an exceptional investment opportunity in a thriving location with remarkable income potential and strong tenant benefits.
Conventional Loan: Approximately $850,000 (amortization over 25 years).
Standard CMHC Loan: Approximately $1,000,000 (amortization over 30 years, possibly 35years).
CMHC APH Select Loan: Approximately $1,300,000 (amortization over 40 years). However, it's necessary to adhere to the conditions of the MLI Select product. Units 1-2-7-8 will need to increase rents according to TAL standards (a 10-year commitment).
** These calculations are based on the provided information and prevailing rates at the current date. The amount may vary depending on the date of application submission and the appraisal.
Unit Composition: 3x5.5, 4x4.5, and 1x2.5 spacious and well-designed units.
Impressive Income: Generates over 114K/yr in revenues with minimal expenses of 17K.
Tenant Benefits: Tenants cover heat and hot water costs, enhancing convenience.
Maintenance: Meticulously maintained property exhibiting pride of ownership.
Upgrades: 5 out of 8 units feature renovated kitchens and bathrooms.
Basement Transformation: Fully redone in 2010 with a French drain installation.
Major Replacements: Roof, front balconies (2012), new electrical panel in 2010, and copper plumbing updates.
Convenience: Walking distance to amenities and public transit.
Investment Security: All leases extend through 2024; one unit currently owner-occupied.
This property presents an exceptional investment opportunity in a thriving location with remarkable income potential and strong tenant benefits.
Conventional Loan: Approximately $850,000 (amortization over 25 years).
Standard CMHC Loan: Approximately $1,000,000 (amortization over 30 years, possibly 35years).
CMHC APH Select Loan: Approximately $1,300,000 (amortization over 40 years). However, it's necessary to adhere to the conditions of the MLI Select product. Units 1-2-7-8 will need to increase rents according to TAL standards (a 10-year commitment).
** These calculations are based on the provided information and prevailing rates at the current date. The amount may vary depending on the date of application submission and the appraisal.
Building details and property interior
Dimensions
50' X 40'
Year constructed
1966
Living area
6,000 ft²
Windows
Aluminum
Window Type
Sliding
Roofing
Asphalt and gravel
Dividing Floor
Wood
Garage
Tandem
Basement
6 feet and more, Finished basement
Lot and exterior features
Lot size
50' X 69'
Lot area
3,497 ft²
Driveway
Asphalt
Parking (total)
Garage (2), Driveway (1)
Proximity
Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Cross-country skiing, Commuter train, Public transportation, University, Highway, CEGEP
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Occupancy
Single
Financial details
Municipal assessment (2021)
- Lot assessment
- $ 422,800
- Building assessment
- $ 1,068,200
- Total
- $ 1,491,000
Taxes
- Municipal (2024)
- $ 9,417
- School (2023)
- $ 1,126
- Total
- $ 10,543
Annual expenses
- Insurance
- $ 6,219
- Total
- $ 6,219
Energy expenses
- Electricity
- $ 560
- Total
- $ 560
Gross annual revenues (potential)
- Residential
- $ 122,100
- Total
- $ 122,100
Inclusions and exclusions
Inclusions
8 hot water tanks.
Mortgage payment calculator
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