A rare opportunity in the heart of Montréal! This well-located fourplex is ideal for an investor or contractor seeking a solid income property with significant value-add potential. The building generates well-established rental income and offers the possibility of adding approximately three to four additional units, subject to municipal verification and approval. A strategic acquisition combining immediate revenue, redevelopment potential, and a highly desirable central location.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Unit 1: one 3½ apartment Units 2, 3 and 4: three 4½ apartments (1100SQFT+-)
The property generates established rental income and all units are currently leased. Visits to the apartments shall be permitted only following the acceptance of a promise to purchase. According to the information available, several improvements were completed in approximately 2013--2014, including the replacement or upgrading of the plumbing, electrical and heating systems, as well as the replacement of the main sewer line connecting the property to the municipal system. The former oil-fired heating system was replaced with a natural-gas system, and the above-ground oil tank located beneath the rear terrace was emptied, removed and disposed of by a specialized company. The flat roof membrane was reportedly installed in 2014.
Architectural plans were prepared for a rear residential extension of approximately 600 square feet per level. The proposed project contemplated an expansion of the existing building and the potential creation of additional residential units. Copies of the architectural plans are available. Any redevelopment, extension or addition of approximately three to four units shall be subject to the buyer's own verifications and to obtaining all required permits and approvals from the municipality and other competent authorities.
The buyer shall verify the feasibility, permitted use, number of additional units, construction requirements, costs and applicable municipal regulations to the buyer's complete satisfaction.
Building details and property interior
Dimensions
31' 1" X 36' 1"
Year constructed
1957
Living area
3,347.57 ft²
Siding
Brick, Stone
Roofing
Membrane
Basement
6 feet and more, Finished basement
Lot and exterior features
Lot size
41' 2" X 76'
Lot area
3,129.07 ft²
Topography
Flat
Proximity
CEGEP, Daycare centre, Hospital, Metro, Park, Highway, Elementary school, High school, Public transportation, University, Bicycle path