$1,399,000

Investment For Sale In Hochelaga-Maisonneuve, Montréal (Mercier/Hochelaga-Maisonneuve), Quebec

$1,399,000

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

Property Assessment:

  • 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

Rooms:

  • Laundry Ground Level 1.60 m x 2.57 m Flooring: Tiles
  • Other Ground Level 0.99 m x 1.63 m Flooring: Tiles
  • Bedroom Ground Level 2.84 m x 3.76 m Flooring: Wood
  • Primary Bedroom Ground Level 3.81 m x 3.78 m Flooring: Wood
  • Bedroom Ground Level 4.37 m x 2.84 m Flooring: Wood
  • Bedroom - Irregular Ground Level 2.57 m x 2.82 m Flooring: Laminate floor
  • Dining Ground Level 3.81 m x 3.15 m Flooring: Wood
  • Living - Irregular Ground Level 3.84 m x 4.70 m Flooring: Wood
  • Bathroom Ground Level 2.59 m x 1.45 m Flooring: Tiles
  • Kitchen - Irregular Ground Level 3.51 m x 4.47 m Flooring: Wood
  • Foyer Ground Level 1.09 m x 1.85 m Flooring: Tiles

Revenue Units:

  • Pieces 7
  • Bedrooms 4
  • Baths 2
  • Pieces 3
  • Bedrooms 1
  • Baths 1
  • Pieces 3
  • Bedrooms 1
  • Baths 1
  • Pieces 3
  • Bedrooms 1
  • Baths 1
  • Pieces 3
  • Bedrooms 1
  • Baths 1

Courtesy of: Royal LePage Altitude

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.

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