MONTRÉAL EST, Montreal | Income property fully optimized and entirely renovated with condo style apartments. This 7PLEX completely renovated in 2023 is a perfect opportunity for investors. The building offers 7 units (1x3.5, 4x5.5, 2x6.5) 1 vacant unit which is currently being renovated. With potential gross annual income of $147,720. CMHC MLI 100 points has already been achieved with a certificate in hand. Close to all amenities and accessible on foot or by public transit, this is your chance for areal estate investment in a constantly evolving and well-serviced area. For more information, contact us today!
The building has been completely renovated and refurbished.
-Semi-furnished (appliances: Fridge, oven, dishwasher,
washer, dryer)
CMHC MLI - 100 points achieved! This program allows buyers
to acquire a property with 5% down and on 50 years, thus
allowing for increased cash flow. Certain conditions apply
and its subject To CMHC approval.
All renovations were done in 2023 and 2024 - Plumbery fully
redone for 1 and 2 and partially for 7 and 5 + electricity
with spotlights for 1,2,4,5.
UNITS:
-- #1: 6 ½. Rented at $2,195/month.
-- #2: 6 ½. Rented at $2,195/month.
-- #3: 5 ½. Rented at $1200/month.
-- #4: 5 ½. Rented at $1895/month.
-- #5: 5 ½. Rented at $1795/month.
-- #6: 5 ½. Vacant & Currently being renovated. Rental
value of $1795/month.
-- #7: 3 ½. Rented at $1335/month.
BUILDING | |
---|---|
Type | |
Style | Semi-detached |
Dimensions | 42x42 P |
Lot Size | 473.8 MC |
EXPENSES | |
---|---|
Insurance | $ 6974 / year |
Municipal Taxes (2024) | $ 7327 / year |
School taxes (2024) | $ 624 / year |
ROOM DETAILS | |||
---|---|---|---|
Room | Dimensions | Level | Flooring |
N/A |
CHARACTERISTICS | |
---|---|
Water supply | Municipality |
Proximity | Highway, Cegep, Hospital, Elementary school, High school, Public transport, Daycare centre |
Sewage system | Municipal sewer |
Zoning | Residential |