Investment For Sale In Hochelaga-Maisonneuve, Montréal (Mercier/Hochelaga-Maisonneuve), Quebec
$1,399,000-
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Property Information:
IDEAL for an owner-occupant! This superb 5-plex for sale, ideally located near the Maisonneuve Market. With an owner-occupied ground floor, you have the option of living there or maximizing rental income. The well-maintained building includes four rented units, guaranteeing stable income. Enjoy a large lot of over 5,000 square feet, two parking spaces and close to transportation and amenities. An opportunity not to be missed!
Unique Opportunity -- Superb 5 Plex for Sale in Hochelaga-Maisonneuve
Discover this charming 5 plex located in the heart of Hochelaga-Maisonneuve, a few steps from the dynamic Marché Maisonneuve. This real estate property represents a golden opportunity for investors looking to secure stable income in a booming neighborhood.
Property Features:
- Ground Floor Occupant: Currently inhabited by the owner, this spacious apartment offers the possibility of living on site or optimizing rental yield.
- Spacious and Bright Units: The building includes five well-maintained units, four of which are already rented to quality tenants, thus guaranteeing constant income.
- Impeccable Condition: No major work to be expected; the building is ready to generate income upon acquisition.
Ground Floor Assets
- Hardwood Floors: Elegance and comfort in most rooms.
- Open Space: A large living room, dining room and kitchen, perfect for entertaining. The floors are pine.
- Modern Kitchen: Equipped with a central island and plenty of storage, can accommodate four guests.
- Four Bedrooms: Including a room ideal for an office.
- Laundry and Storage Room: Convenience guaranteed with a storage space in the basement.
- Terrace and Yard: A beautiful terrace overlooking a pleasant courtyard, with a shed for garden equipment.
- Parking: Two private parking spaces.
Land and Location
- Generous Land: More than 5,000 square feet of land, offering space and functionality.
- Quiet Alley: Access to a quiet alley for more discretion.
Popular Location
- Proximity to the Maisonneuve Market: A one-minute walk from this local gem, full of shops and activities.
- Public Transportation: Close to the Pie-IX and Joliette metro stations, facilitating access to the city center.
- Walk Score of 90: All essential services within reach: restaurants, grocery stores, cafes and schools.
Possibility of adding 3 additional dwellings:
An extension may be considered, provided the following standards are met:
Establishment rate: Maximum of 70% of lot area.
Greening rate: Minimum of 25%.
Tree ratio: Compliance with local regulations on tree density and planting.
Maximum height: A third storey is permitted, for a total height of 12.5 metres.
In the case of a vertical extension (addition of a storey), it is important to comply with masonry standards, particularly in heritage areas.
*Please refer to the Urban Planning Division for a preliminary analysis*.
Location:
- Close to the dynamic Ontario Street and the famous Maisonneuve Market
- 20 min walk from Viau Metro and 22 min from Pie-IX Metro
Inclusions: 1814: dishwasher, refrigerator, stove, washer, dryer, window dressing
Exclusions : 5 water heaters rented
Building Features:
- Style: Multiplex
- Driveway: Paving stone
- Foundation: Poured concrete, Stone
- Occupancy: Single
- Parking: Driveway
- Proximity: Highway, CEGEP, Daycare centre, Golf, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Public transportation, University
- Renovations: Other, Fenestration, Roof covering
- Rented Equipment (monthly): Water heater
- Roofing: Elastomeric membrane
- Size: 15.26 x 12.77 METRE
- Heating Energy: Electricity
- Water Supply: Municipality
- Sewage System: Municipality
Potential Gross Revenue:
- Residential: $65,460
Taxes:
- Municipal Tax: $8,393
- School Tax: $1,042
- Annual Tax Amount: $9,435
Expenses:
- Insurance: $2,290
Property Assessemnt:
- Lot Assessment: $635,600
- Building Assessment: $677,700
- Total Assessment: $1,313,300
Property Features:
- Bedrooms: 4
- Bathrooms: 2
- Built in: 1910
- Irregular: Yes
- Lot Depth: 28.96 Metre
- Lot Frontage: 18.29 Metre
- Lot Size: 529.70 Square Metres
- Zoning: RESI
- No. of Parking Spaces: 2
Revenue Units:
Unit 1
- Pieces 7
- Bedrooms 4
- Baths 1
Rooms:
- Laundry Ground Level 1.60 m x 2.57 m 5.3 ft x 8.5 ft Flooring: Tiles
- Other Ground Level 0.99 m x 1.63 m 3.3 ft x 5.4 ft Flooring: Tiles
- Bedroom Ground Level 2.84 m x 3.76 m 9.4 ft x 12.4 ft Flooring: Wood
- Primary Bedroom Ground Level 3.81 m x 3.78 m 12.6 ft x 12.5 ft Flooring: Wood
- Bedroom Ground Level 4.37 m x 2.84 m 14.4 ft x 9.4 ft Flooring: Wood
- Bedroom - Irregular Ground Level 2.57 m x 2.82 m 8.5 ft x 9.3 ft Flooring: Laminate floor
- Dining Ground Level 3.81 m x 3.15 m 12.6 ft x 10.4 ft Flooring: Wood
- Living - Irregular Ground Level 3.84 m x 4.70 m 12.7 ft x 15.5 ft Flooring: Wood
- Bathroom Ground Level 2.59 m x 1.45 m 8.6 ft x 4.9 ft Flooring: Tiles
- Kitchen - Irregular Ground Level 3.51 m x 4.47 m 11.6 ft x 14.8 ft Flooring: Wood
- Foyer Ground Level 1.09 m x 1.85 m 3.7 ft x 6.1 ft Flooring: Tiles
Unit 2
- Pieces 3
- Bedrooms 1
- Baths 1
Rooms:
Unit 3
- Pieces 3
- Bedrooms 1
- Baths 1
Rooms:
Unit 4
- Pieces 3
- Bedrooms 1
- Baths 1
Rooms:
Unit 5
- Pieces 3
- Bedrooms 1
- Baths 1
Rooms:
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Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
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