Certified Real Estate Broker
Royal LePage du Quartier
, Real Estate Agency*
317 Rue Ontario E., Montréal (Ville-Marie), QC, H2X 1H6
$1,199,000 +GST/QSTMLS® # 23230885
Investment For Sale In Quartier Latin, Montréal (Ville-Marie), Quebec
$1,199,000
+GST/QST
Property Information:
Fully rented semi-commercial triplex with 3 parking spaces, located in the heart of the Quartier Latin. Commercial space on the ground floor currently leased by a restaurant. Two residential units on the second and third floor offering high ceilings, hardwood flooring, exposed brick and stone walls and outstanding fenestration allowing for abundance of natural light. Expansive two level terrace at the back of the property. Beautiful grey-stone back facade.
Nestled in the bustling heart of the Quartier Latin, this fully leased semi-commercial triplex is a gem of urban living & presents a lucrative investment opportunity. With all units currently rented, including a popular restaurant occupying the ground floor with a charming terrace, this property ensures immediate income generation. Additionally, the inclusion of three exclusive parking spaces adds significant value in this busy urban locale.
Property located on the Northside of Ontario Street.
The residential units on the upper floors boast premium features such as high ceilings, hardwood flooring, & captivating exposed brick & stone walls. Natural light floods the expansive windows, creating an inviting atmosphere throughout. This triplex is a compelling opportunity for savvy investors seeking both current returns & future appreciation.
- Ground floor is a commercial retail space that is currently being occupied as a restaurant;
- Middle-floor is a large loft;
- Top floor is a two floor apartment with 4 bdrs (3+1 bdr) & 2 baths (1+1 bath);
- 3 parking spaces (included in the lease of the restaurant);
- Expansive two level terrace at the back of the property;
- Drain located in the ground of the terrace to avoid water entering the building;
- Front terrace reserved for the restaurant;
- Beautiful greystone in the back facade of the building;
- Front facade of the building is in greystone painted in white;
- Alleyway serviced by the city;
- 10 year old fire escape in great condition;
- All new backdoors;
- New plumbing, electricity, & main drain on first, second & third floors;
- Exterior access to second-level apartment with heated landing.
Ground floor:
** Commercial space: crawl space with a height above 6ft is easily accessible from the restaurant, front terrace is made accessible to the restaurant;
Middle-floor apartment:
** One floor apartment 12ft high ceilings, maple barnwood floors, exposed brick & stone walls, very large front window, conveyor heating, ceiling fan, small bathroom with new vanities, expansive closet & storage space, kitchen needs updating, no ventilator for stove, no washer & dryer entry but current tenants are using their own ventless washer & dryer, backdoor leads to fire escape, charming original moldings from 1800's;
Top-floor apartment (located on two floors):
** Unit has been rented for approximately 4 years & was formerly two units which have been converted into one single unit;
** Main level: maple barnwood floors, exposed brick & stone walls, front & back windows, powder room on main level, modernized kitchen with dishwasher & oven ventilation system, ceiling height of approximately 9-10 ft, bedroom with no closet;
** Top floor: 3 bdrs, maple barnwood floors, full bath w/ new vanities, conveyor heating, washer & dryer, 7.5ft high ceilings, exposed brick & stone walls & exposed wood ceiling beams.
Inclusions: As per leases.
Exclusions : As per leases.
Building Features:
- Style: Triplex
- Parking: Driveway
- Proximity: Highway, CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Public transportation, University
- Siding: Stone
- Heating Energy: Electricity
- Water Supply: Municipality
- Sewage System: Municipality
Potential Gross Revenue:
- Residential: $34,200
- Commercial: $36,192
Taxes:
- Municipal Tax: $11,226
- School Tax: $650
- Annual Tax Amount: $11,876
Property Assessment:
- Lot Assessment: $429,100
- Building Assessment: $420,900
- Total Assessment: $850,000
Property Features:
- Bedrooms: 4
- Bathrooms: 1
- Built in: 1870
- Floor Space (approx): 2905.0 Square Feet
- Lot Size: 2887.00 Square Feet
- Zoning: COMM, RESI
- No. of Parking Spaces: 3
Revenue Units:
- Pieces 6
- Bedrooms 4
- Baths 1
- Pieces 3
- Bedrooms 1
- Baths 1
Courtesy of: Royal LePage du Quartier
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.
Additional Photos
