Description

Because You Deserve a Winner in your Real Estate Portfolio: Recently built 5X Plex in an up and coming area undergoing gentrification, right on the prestigious avenue du Parc. Semi-commercial building with 1 large commercial unit on the ground floor and 4 residential units on the upper floors, fully rented. Well maintained property with strong stable tenants and still room to improve revenue. An inciting gross income multiplier of 16.01! Surrounded by 6 metro stations, adjacent to the new Outremont area, walking distance to the new University of Montreal Campus and all the stores, restaurants, services & parcs in little Italy.

Addendum

Virtual Visit unit #3: https://tour.bonnevisite.com/2270243?a=1&pws=1

- Rare on market, 5X Plex constructed in 2001

- Semi-commercial building class 4. GST & QST taxes will be applied to the commercial portion of the sale only, 12% as per the city.

- Large commercial space with independent entrance on Parc, powder room and a garage door, as well as exit in the back, Covered parking spaces under a big terrace.

- The ground floor commercial can be converted to a new residential unit, to be verified with the city.

- The commercial tenant has renewed the lease. Base rent will increase 2% as of 15 November 2024 to 1,938$/month.

- Under-market residential revenue. Potential for increase!

- An electricity meter is needed for the common washer/dryer.

- Sale without legal warranty of quality at the Buyer's risk and peril.

- Visit possible for the commercial space during business hours with an appointment. Visit for the residential units with an accepted offer.

Photos: Unit #2 - 11 to 15 Unit #3 - 16 to 21 Unit #4 - 22 to 26 Unit #5 - 27 to 30

Sale without legal warranty of quality, at the buyer's risk

Description sheet

Features

Potential Gross Revenue

Assessment, Taxes and Expenses