Photo Main Photo of the property
$1,200,000
ULS: 17115425

Quadruplex for sale - Montréal (Ville-Marie) (Centre)

2300 - 2304 Rue Messier, Montréal (Ville-Marie) (Centre)
4-Plex in a prime central location on a quiet and peaceful street alongside a park/eco-green space. Walking distance from services/amenities and public transportation, as well as a few minutes from major highways. Rarely found on the market. An investment opportunity in a building that has undergone significant renovations and improvements recently. A new roof and frame, new walls and floors, new kitchen and much more. Possibility of double occupancy for the Buyer or rental at market price to maximize income. Huge potential for an investor.
Living area 340.60 m²

Property features

3 Bedrooms
1 Bathroom

TAREK SUBAI

Real Estate Broker

RE/MAX 3000 INC.

Rare opportunity not to be missed, ideal for a first time buyer/investor. Central location and best location on the street itself, semi-detached neighbouring a small public park or eco-green rest area giving the appearance of a large yard. This 4-plex offers you more approximately 3670 sf of living space + basement on 4 floors above ground, a private fenced side terrace belonging to the ground floor and a backyard. The main unit is a spacious 5 ½ with 2 good-sized bedrooms, a large living room with balcony and a kitchen with dining area giving access to a balcony and the backyard, all well windowed with natural lighting throughout the day. An additional room in the centre of the unit, adjoining the living room, gives you the possibility of making it a 3rd bedroom, an office or keeping it as a dining room. The basement, at street level, is currently a 4 ½ with a parking space in the garage. Initially, this unit was a 3 ½ with 2 parking spaces in the garage, everything was modified by the occupant. This unit also has a side entrance to the building and access to a private fenced terrace installed by the occupant.
The buyer will be able to benefit from 2 vacant units for occupation or rental at market price. Each unit has a front balcony and one at the rear leading to the fire exit and the backyard. Total exterior parking for 4 cars, 2 in front of the side-by-side garage and 2 in tandem next to the main entrance.
This building has just had major work following the severe rainstorm in summer 2023 which caused water to back up at roof level. The leak and infiltration of water caused damages to all three units. A water backup caused damage to the basement unit. The insurance covered all repairs and work completed according to the rules of the art in March 2024. Documents to this effect are available.
Year constructed 1970
Living area 340.60 m²
Window Type Sliding
Siding Brick
Dividing Floor Wood
Garage Built-in, Tandem
Washer/Dryer (installation) Bathroom (2)
Kitchen Cabinets Wood
Basement 6 feet and more, Outdoor entrance, Finished basement
Renovations Basement (2023), Roof covering (2023)
Lot area 198.10 m²
Topography Sloped
Driveway Asphalt
Parking (total) Garage (2), Driveway (2)
Proximity Hospital, Metro, Park, Bicycle path, Réseau Express Métropolitain (REM), Public transportation, University, CEGEP, Highway, Daycare centre

Unit 1 (Monthly residential revenue)

Living room
Level: 2nd level
Dimensions: 15' X 11'6"
Flooring: Wood
Details:
Primary bedroom
Level: 2nd level
Dimensions: 16'4" X 11'6"
Flooring: Wood
Details:
Bedroom
Level: 2nd level
Dimensions: 9'2" X 8'8"
Flooring: Wood
Details:
Bedroom
Level: 2nd level
Dimensions: 11' X 10'7"
Flooring: Wood
Details:
Kitchen
Level: 2nd level
Dimensions: 15' X 11'6"
Flooring: Wood
Details:

Unit 2 (Monthly residential revenue)

Rooms not detailed

Unit 3 (Monthly residential revenue)

Rooms not detailed

Unit 4 (Monthly residential revenue)

Rooms not detailed
Heating System Electric baseboard units
Heating Energy Electricity
Water Supply Municipality
Sewage System Municipality

Financial details

Municipal assessment (2023)

Lot assessment
$ 257,500
Building assessment
$ 923,400
Total
$ 1,180,900

Taxes

Municipal (2023)
$ 6,475
School (2023)
$ 876
Total
$ 7,351

Annual expenses

Insurance
$ 3,913
Total
$ 3,913

Gross annual revenues (potential)

Residential
$ 79,800
Total
$ 79,800

Exclusions

Goods of tenants

Desjardins

Mortgage payment calculator

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