$3,995,000

Investment For Sale In Kent Park, Montréal (Côte-des-Neiges/Notre-Dame-de-Grâce), Quebec

$3,995,000

Property Information:

Situated strategically across from the Jewish General Hospital, this 14-plex revenue property offers an exceptional investment opportunity. Its prime location is complemented by its proximity to the metro and public transportation. The property consists of 13 generously sized 4 1/2 units and one spacious studio. 7 indoor parking spaces addresses a key urban challenge and enhances tenant convenience. The inclusion of laundry facilities further adds to the property's appeal. Market-responsive rent adjustments, area development trends, and the option to upgrade amenities could all contribute to enhanced returns.

***DESCRIPTION***
+Strategically located across the Jewish General Hospital.
+Steps away from metro station and public transportation.
+The property consists of 13 large 4 1/2 units and one large studio.
+The inclusion of 7 indoor parking spaces is a valuable amenity.
+Laundry facility on site.
+The property is well maintained.
+The current rents are below market value, there is potential to increase rental income.
+Investing in updates or modern amenities could attract higher-paying tenants and justify higher rents.
+Large lot.
+Dettached building.

***DECLARATIONS***
*The choice of inspectors shall be agreed by both parties prior to the inspection.
*All fireplaces need to be verified by the buyer and are sold without any warranty with respect to their compliance with applicable regulations and insurance company requirements.
*All promise to purchase by collaborating brokers must be emailed to the listing broker.
*A 24 hour notice is required prior to each visit.

Inclusions: According to the leases.

Exclusions : All of Lessees' personal belongings, Lessees' furniture and Lessess' appliances.

Building Features:

  • Foundation: Poured concrete
  • Garage: Built-in, Single width
  • Lot: Landscaped
  • Parking: Garage
  • Proximity: Restaurants, shops, services and others, Highway, CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Public transportation, University
  • Roofing: Asphalt and gravel
  • Size: 92.0 x 48.0 Feet
  • Heating System: Hot water
  • Heating Energy: Natural gas
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $178,524

Taxes:

  • Municipal Tax: $20,019
  • School Tax: $2,664
  • Annual Tax Amount: $22,683

Property Assessment:

  • Lot Assessment: $970,300
  • Building Assessment: $2,315,600
  • Total Assessment: $3,285,900

Property Features:

  • Bedrooms: 2
  • Bathrooms: 1
  • Built in: 1947
  • Floor Space (approx): 13487.66 Square Feet
  • Irregular: Yes
  • Lot Depth: 73.5 Feet
  • Lot Frontage: 145.0 Feet
  • Lot Size: 10657.30 Square Feet
  • Zoning: RESI
  • No. of Parking Spaces: 7

Revenue Units:

  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 1
  • Baths 1

Courtesy of: Royal LePage Heritage

Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

Sold without legal warranty of quality, at the buyer's own risk.

  • Frontage -
  • Frontage -
  • Living room -
  • Kitchen -
  • Bedroom -
  • Bedroom -
  • Bathroom -
  • Balcony -
  • Dining room -
  • Laundry room -
  • Passageway -
  • Garage -