For Sale

$3,399,000

3999 - 4003 Rue St-Hubert , Montréal (Le Plateau-Mont-Royal), QC H2L1B3

1 Beds 1 Baths

Remarks

100% RENTED building! Investment opportunity located in the heart of Plateau Mont-Royal. 8plex with exceptional character offering excellent rental income and good tenants including four 3 1/2, three 2 1/2, one 5 1/2 and 3 parking spaces. The apartments, which are fully furnished and equipped, attract a type of clientele that offers a good turnover and rents always at market prices! Strategically located, walking distance to Mont-Royal and Sherbrooke metro, Lafontaine Park, trendy shops and restaurants. Possible expansion project, see addendum for more information.

* 8-unit building with exceptional character
* Ideally located, in the heart of the Plateau Mont-Royal
* Excellent rental income - good tenants
* All apartments are fully furnished and equipped (see inclusions) including SmartLock/Bluetooth locks

LOCATION A+
Walking distance to Mont-Royal and Sherbrooke metro, Lafontaine Park, Mount Royal tam-tams, trendy shops and restaurants.


* Replacement of railings and reinforcement of balconies in 2023
* Roofing 2022, 10-year warranty by Toiture Montréal
* Stabilization work in 2021 and 2022 by Bisson Expert, 15-year warranty


According to a preliminary opinion, the City would be in favour of an expansion project at the back of the building in order to increase the surface area of existing units. According to the certificate of location and the city's reglementation, a 3-storey extension of up to 640 sq. ft. may be possible. (Documentation available upon request) It will be the sole responsibility of the buyer to carry out all verifications and requests to the city according to the protocols in force in order to obtain the necessary authorizations for the type of project desired and the use he intends to make of the building.

*Seller may offer a balance of sale, under certain conditions.

Inclusions:

All accommodations are fully furnished and equipped: furniture, appliances, portable air conditioners, kitchen equipment, dishes, televisions, blinds, curtains, bedding, lighting fixtures and decorations.

Property Summary

  • Neighbourhood: Le Plateau-Mont-Royal
  • Lot Assessment: $1,066,700.00
  • Building Assessment: $684,400.00
  • Total Assessment: $1,751,100.00
  • Assessment Year: 2023
  • Municipal Tax: $11,272.00
  • School Tax: $1,417.00
  • Annual Tax Amount: $12,689.00 (2024)
  • Lot Frontage: 7.67 Metre
  • Lot Depth: 41.0 Metre
  • Lot Size: 314.1 Square Metres
  • Building Width: 7.67 Metre
  • Building Depth: 26.33 Metre
  • No. of Parking Spaces: 3
  • Built in: 1910
  • Bedrooms: 1
  • Bathrooms (Total): 1
  • Zoning: RESI

Building Features:

  • Driveway:
    Asphalt
  • Heating System:
    Electric baseboard units
  • Water Supply:
    Municipality
  • Heating Energy:
    Electricity
  • Environmental Study:
    Phase 1
  • Renovations:
    Roof covering
  • Basement:
    Crawl space
  • Parking:
    Driveway
  • Sewage System:
    Municipality
  • Roofing:
    Elastomeric membrane

Revenue Units

  • Potential gross revenue: Residential
    $189,000.00
  • Potential gross revenue: Parking/Garages
    $6,300.00
  • Potential gross revenue: Date
    12-06-2024

Expenses (annual)

  • Insurance
    $10,713.00
  • Other  (Internet Bell)
    $1,890.00
  • Electricity
    $9,209.00

Revenue Units

  • Pieces: 8 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 5 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 6 Bedrooms: 1 Bathrooms: 2 Potential Monthly Revenue: $0.00
  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
Lifestyle
Neighbourhood Info
Agent

Karyne Paquette

Courtier immobilier résidentiel et commercial

Phone: 450.441.1576

Get More Info