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$1,599,000
ULS: 10339049

Triplex for sale - Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)

786 - 790 Av. Laurier E., Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)
Semi-commercial TRIPLEX with a AAA location in the sought after Plateau Mont-Royal! Located on a street corner between Laurier metro station and Laurier Park. Gross revenues of $97,080/annual. A very interesting investment opportunity with still so much potential for growth! Contact us today for more information!

Property features

2 Bedrooms
1 Bathroom

PATRICIA HAMELIN

Real Estate Broker

RE/MAX DU CARTIER INC.

CARLO SPINA

Residential Real Estate Broker

RE/MAX DU CARTIER INC.

INVESTMENT OPPORTUNITY with AAA location!

Gross revenues of $97,080/annual with approximately 70% of the taxes paid by the commercial tenant.

Welcome to 786-790 Laurier East. This lovely triplex located in the heart of Montreal's Plateau Mont-Royal sector and is part residential and the other part commercial. The property has been well maintained, offers interesting revenues all set in an excellent location!

THE BUILDING
-Triplex
-Built in 1910
-Street corner building
-1,950 sqft lot
-2 residential units
-1 commercial unit
-Parking
-Shed
-Nice views

THE RESIDENTIAL UNITS
786 (3rd floor)
-Tastefully renovated
-High ceilings
-2 bedrooms
-Master bedroom with pot lights and ample natural lighting
-Master bedroom walk-in with access to front balcony
-Large bathroom with double vanity, ceramic shower and separate bath
-In-unit washer/dryer in bathroom
-Large living and dining room open concept
-Kitchen with quartz countertops and access to second balcony
-Storage

788 (2nd floor)
-4 bedrooms
-Washer/dryer in unit located in kitchen
-3 balconies, one larger balcony off of kitchen with unobstructed views

THE COMMERCIAL UNIT
-Dépanneur commerce store
-2,550 sqft of space
-Unfinished basement used for storage
-All business taxes paid by this unit (As per lease)

AAA LOCATION
-One minute walk to Laurier Metro station (orange line)
-Walk score of 98
-Laurier Elementary School (eng.)
-École primaire Paul-Bruchési (fr.)
-Daycare CPE Soleil du Cartier
-Sir Wilfred Laurier Park (recreational park with outdoor pool)
-Public transport buses 14, 27, 711
-Metro grocery store
-Mile End community garden

NOTES FOR RENTS
-790: $3,600 as of April 1st, 2024
-Parking space $80 per month as of April 1st 2024

**There is GST/QST payable on the commercial portion of the building unless you have a GST number (easily obtainable)**
Dimensions 25' X 77' irr.
Year constructed 1910
Siding Brick
Roofing Asphalt and gravel
Washer/Dryer (installation) Bathroom (3)
Renovations Roof covering (2018)
Lot size 25' X 78' irr.
Lot area 1,950 ft²
Driveway Asphalt
Parking (total) Driveway (1)
Proximity CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Public transportation, University, Highway

Unit 1 (Monthly residential revenue)

Kitchen
Level: 3rd level
Dimensions: 8'10" X 12'4"
Flooring: Ceramic
Details:
Dining room
Level: 3rd level
Dimensions: 11'9" X 12'6"
Flooring: Wood
Details:
Living room
Level: 3rd level
Dimensions: 10'6" X 12'4"
Flooring: Wood
Details: single closet
Bedroom
Level: 3rd level
Dimensions: 11'7" X 10'6"
Flooring: Wood
Details: single closet
Bathroom
Level: 3rd level
Dimensions: 5'11" X 12'7"
Flooring: Ceramic
Details:
Primary bedroom
Level: 3rd level
Dimensions: 11'11" X 12'8"
Flooring: Wood
Details: access to walk-in
Garde-robe walk-in
Level: 3rd level
Dimensions: 9'10" X 8'8" irr.
Flooring: Wood
Details: access to front balcony

Unit 2 (Monthly residential revenue)

Kitchen
Level: 2nd level
Dimensions: 9'5" X 12'1"
Flooring: Linoleum
Details: washer/dryer,access to balcony
Living room
Level: 2nd level
Dimensions: 11'9" X 12'4"
Flooring: Wood
Details:
Bedroom
Level: 2nd level
Dimensions: 11'0" X 11'0"
Flooring: Wood
Details: single closet
Bedroom
Level: 2nd level
Dimensions: 9'10" X 9'10"
Flooring: Wood
Details: access to front balcony
Primary bedroom
Level: 2nd level
Dimensions: 12'0" X 13'3"
Flooring: Wood
Details:
Bedroom
Level: 2nd level
Dimensions: 12'0" X 10'10"
Flooring: Wood
Details: single closet
Bathroom
Level: 2nd level
Dimensions: 3'6" X 8'6"
Flooring: Ceramic
Details: bath/shower

Unit 3 (Commercial)

Rooms not detailed

Unit 4 (Parking/Garages)

Rooms not detailed
Heating System Electric baseboard units
Heating Energy Electricity
Rented Equipment (monthly) Water heater (2)
Water Supply Municipality
Sewage System Municipality

Financial details

Municipal assessment (2021)

Lot assessment
$ 322,000
Building assessment
$ 754,800
Total
$ 1,076,800

Taxes

Municipal (2024)
$ 14,689
School (2023)
$ 851
Total
$ 15,540

Annual expenses

Insurance
$ 5,729
Total
$ 5,729

Gross annual revenues (potential)

Residential
$ 52,920
Commercial
$ 43,200
Parking
$ 960
Total
$ 97,080

Inclusions

786 Laurier (3rd floor): Fridge, stove, washer/dryer, light fixtures, air conditionner portable and 788 Laurier (2nd floor): Fridge and stove. Other: shed.

Exclusions

790 Laurier: AC unit, appliances.

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