Property Information:
For Sale: Well-Maintained Mixed-Use Investment Property in Prime Plateau-Mont-Royal Location**Motivated seller, retiring! Located just 2 minutes from Mont-Royal Metro, this property features a commercial space rented for $3,200/month and residential units generating $5,220/month, with seven stable tenants overall. Two parking spaces add an extra $300/month. The annual gross income exceeds $108K. There is potential to expand the property by applying to the city for rear extension, increasing value and returns. This is an exceptional opportunity in a highly sought-after area. Contact us for details and viewings!
Excellent Location, Motivated Seller, Selling Due to Retirement!
METRO MONT-ROYAL, 2 minutes walking. Prime AAA location.
For Sale: Well-Maintained Mixed-Use Investment Property in Vibrant Plateau-Mont-Royal
Discover a prime investment opportunity in the heart of the Plateau-Mont-Royal neighborhood. This mixed-use property, well-maintained both inside and out, benefits from its excellent location, attracting both locals and tourists, particularly during the busy summer season.
The property is well-connected with a bus stop right outside and Mont-Royal Metro Station just 100m away. It also includes two parking spaces.
The ground floor is occupied by a commercial tenant-restaurant with a monthly rent of $3,200.
The residential units, featuring three bedrooms and two bathrooms on the second floor, and a loft with a kitchen, bathroom, and two additional bedrooms on the third floor, are rented to 6 tenants, generating a total monthly rental income of $5,220 (subject to verification at the time of the offer).
The building has a total of 7 tenants, providing stable rental income. The two parking spaces are also rented, contributing an additional $300 per month.
With an annual gross rental income of **over $108k**, this property offers an excellent investment opportunity.
Moreover, there is potential for expansion in the back of the property (subject to city approval), which could increase the building size, property value, and income--a flexible and attractive option!
Don't miss this opportunity. Contact us for more details and to schedule a viewing.
Building Features:
-
Style:
Attached
-
Water Supply:
Municipality
-
Sewage System:
Municipality
