4 residential units (including 2 large and fully-renovated 3 1/2s) and 2 commercial, long-term tenants (one grocery shop and one pizzeria).
2 garages and one exterior parking.
Steps away from the Biodôme, the Olympic Stadium and metro Viau, the property benefits from strong neighbourhood visibility, access to public transportation, nearby services, and established residential and commercial demand.
Stable commercial revenues and optimization potential for at least two of the four residential units.
Attractive long-term investment opportunity, with good potential for rental and value appreciation in one of Montréal’s established and evolving urban neighbourhoods.
New roof (2019)
New balconies and awning - back (2024)
Complete interior remodelling, including 2 skylights, 2 units (2026)
New staircases (2020-2026)
Building maintained regularly.
The sale is made without any legal warranty of quality, at the buyer's own risk.
Gross revenues include expected revenues from one, fully-renovated vacant apartment at estimated $1,075/month.
| Cadastral number | 1 881 797 |
| Total Municipal Assessment | $ 1,154,700 |
| Municipal Land Assessment | $ 431,200 |
| Municipal Building Assessment | $ 723,500 |
| Number of Storeys | 2 |
| Type of Building | Semi-detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1951 |
| Fire System | Smoke detectors |
| Type of Parking | Garage (+exterior) |
| Number of Parking Spaces | 2 (+1) |
| Land Surface Area | 4 865 ft² |
| Laundry Room | N/A |
| Number of Units | 4 x 3.5 + 2 Comm |
| Washer/Dryer Inlet | Yes, in each residential unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Yes |
| Internet and Telecom | Yes |
| Plumbing | To be verified |
| Condition of Roof | New (2019) |
| Condition of Doors | To be verified |
| Condition of Balconies | Back - newly replaced, aluminum (2024) |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Doorbells |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good |
| Condition of Kitchens | Good |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good |
| Environmental Report | N/A |
| Floor Covering | Wood, ceramic, and linoleum |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $45,396 | 47.4 % | $631 |
| Affordable res. | |||
| Commercial | $50,400 | 52.6 % | $700 |
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $95,796 | $1,331 | |
| Vac. / Bad debt | $2,874 | 3 % | $40 |
| EGR | $92,922 | $1,291 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | ||||
| Municipal Taxes | Current | $15,267 | 16.4 % | $2,545 |
| School Taxes | Current | $827 | 0.9 % | $138 |
| Insurance | Current | $10,910 | 11.7 % | $1,818 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | ||||
| Maintenance | ||||
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | ||||
| Total expenses | $27,004 | 29.1 % | $4,501 | |
| Net Revenue | $65,918 | $10,986 |
| conv | |
|---|---|
| Maximum loan amount | $755,588 |
| Financing CAP | 6.54 % |
| Debt coverage ratio | 1.25 |
| Interest Rate | 5.0 % |
| Amortization | 25 Years |
| Term | 5 Years |
| conv | |
|---|---|
| Net Revenue | $65,918 |
| Annual Mortgage Cost | $52,734 |
| Net cash after mortgage | $13,184 |
| RETURN ON INVESTMENT | |
| Down Payment | $694,412 |
| Cash on cash return | 1.9 % |
| Return on liquidity + capitalization | 4.2 % |
| Total yearly return with appreciation of 2 % | 8.33 % |
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