Splendid investment opportunity in Mcgill ghetto on Rue Aylmer, a very popular area with International students, 5 mins walk from Mcgill university and Metro Mcgill. It offers 4 units (two 5 1/2 and two 4 1/2) completely renovated by certified professionals (in 2017/18), having stable rental revenue of 148,332$/year.
Sale with exclusion(s) of legal warranty - See listing broker(s)
This building generates excellent income and represents an investment opportunity. In 2017-2018, the four apartments were completely renovated, and the room layout was modified to create a more pleasant living space. Some load-bearing walls were replaced with load-bearing beams to open up the spaces. The plans were drawn up by an architect and a building structural engineer.
The project was entrusted to a certified general contractor. Around $200,000 in renovations across the four units invested (supporting invoices available).
The roof was re-done (new) with a new elastomeric membrane (July 2021).
Large windows, plenty of light, renovated floors, bathrooms, and kitchens. The apartment was completely repainted in March 2018 during the renovations. The four kitchens were completed in July 2018 (all 4 units).
DECLARATIONS
** Floor plan and dimensions are approximate and for informational purposes only*
**Service agreement with 3rd party related to wifi/Internet service to tenants (including material rental and primary internet subscription) at $100/month. Contract ends 30 April 2027, non-cancellabe before term**