$899,000

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

$899,000

Property Information:

3702-3706 rue Adam - This property, ideally located on Adam Street in the booming HOMA neighborhood, consists of three units, each with three bedrooms. The ground-floor unit includes a 6-foot-high basement with a family room and laundry/storage space. This triplex presents an outstanding opportunity for investors. With well-maintained units featuring original charm, hardwood floors, and 9-foot ceilings, this building is ideal for those seeking stability and growth in their investment. Act quickly!

Overall, this building represents a solid opportunity for an investor looking to benefit from the neighborhood's continued growth and leverage its rental income potential. All apartments feature 9-foot ceilings and hardwood floors. The building's roof was redone in 2022.

Ground floor (3706): 3-bedroom apartment (including a double room) with a family room and laundry/storage area in the basement, plus direct access to the yard. The spacious yard is fenced, surrounded by mature trees, and paved for easy maintenance. Rented for $1,650/month until June 30, 2025.

Second floor (3704): 3-bedroom apartment (including a double room and a bedroom with an interior window). This unit offers laundry connections in the kitchen, a shared front balcony, and a private rear balcony. Rented for $1,215/month until June 30, 2025.

Third floor (3702): 3-bedroom apartment (including a double room and a bedroom with an interior window). This unit offers laundry connections in the kitchen and two private balconies, one in front and one in the back. Rented for $1,250/month. The dwelling will be vacant from March 1, 2025.

Location: Ideally located! Walk Score of 95 and Bike Score of 100.
* Nearby parks include Saint-Aloysius Park, Passage Valois, and Edmond-Hamelin Park.
* Close to shops, educational/health/recreational services.
* Just a few minutes' walk to Maisonneuve Market.
* Within walking distance of the services and amenities on Ontario Street (grocery stores, pharmacy, ATM, parks, restaurants/cafes/bistros, trendy spots, SAQ, CLSC, etc.).
* Other neighborhood attractions easily accessible: Botanical Garden, Maisonneuve Park, Olympic Park, Saputo Stadium, StarCité Cinema, Pro-Gym, etc.
* A 20-minute walk to Joliette and Pie-IX Metro stations.
* Close to several bus stops.
* Just two pedals away from the bike path on Viau.
* Quick access to major highways (720, 40, 25), Jacques-Cartier Bridge, Louis-Hippolyte Tunnel.
* Near BIXI and Communauto stations.

Inclusions: 3 water heaters

Building Features:

  • Style: Triplex
  • Basement: 6 feet and more, Other, Outdoor entrance, Partially finished
  • Floor Covering: Wood, Ceramic, Flexible floor coverings, Laminate floor
  • Foundation: Poured concrete
  • Lot: Fenced
  • Occupancy: Single
  • Proximity: Highway, CEGEP, Daycare centre, Park, Bicycle path, Elementary school, High school
  • Renovations: Roof covering
  • Roofing: Elastomeric membrane
  • Siding: Brick
  • Size: 7.46 x 18.09 METRE
  • Topography: Flat
  • Window Type: Sliding
  • Heating System: Convection baseboards
  • Heating Energy: Electricity, Natural gas
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $49,380

Taxes:

  • Municipal Tax: $5,258
  • School Tax: $645
  • Annual Tax Amount: $5,903

Property Assessment:

  • Lot Assessment: $295,300
  • Building Assessment: $507,300
  • Total Assessment: $802,600

Property Features:

  • Bedrooms: 3
  • Bathrooms: 1
  • Built in: 1910
  • Irregular: Yes
  • Lot Depth: 33.64 Metre
  • Lot Frontage: 7.32 Metre
  • Lot Size: 246.10 Square Metres
  • Zoning: RESI

Rooms:

  • Bedroom Ground Level 2.41 m x 3.43 m Flooring: Ceramic
  • Primary Bedroom Ground Level 3.23 m x 3.66 m Flooring: Wood Note: Double room
  • Walk-in Closet - Irregular Ground Level 3.23 m x 3.15 m Flooring: Wood Note: Double room
  • Dining Ground Level 2.41 m x 3.61 m Flooring: Wood
  • Bedroom Ground Level 3.23 m x 3.07 m Flooring: Wood
  • Living Ground Level 3.58 m x 4.32 m Flooring: Wood
  • Bathroom Ground Level 2.34 m x 1.63 m Flooring: Ceramic
  • Kitchen Ground Level 3.58 m x 3.00 m Flooring: Ceramic
  • Family - Irregular Basement Level 2.77 m x 5.94 m Flooring: Laminate floor
  • Laundry Basement Level 3.17 m x 3.07 m Flooring: Laminate floor

Revenue Units:

  • Pieces 7
  • Bedrooms 3
  • Baths 1
  • Pieces 6
  • Bedrooms 3
  • Baths 1
  • Pieces 6
  • Bedrooms 3
  • 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.

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

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