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Davide Ferrara

Davide Ferrara
Residential and Commercial Real Estate Broker

Cellular : 5142598884

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Duplex for sale, Montréal (Le Plateau-Mont-Royal) |
$949,000 +GST/QST

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Frontage Exterior entrance Frontage Back facade View View View Balcony Balcony Kitchen Kitchen Kitchen Kitchen Kitchen Other Other Other Primary bedroom Primary bedroom Primary bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Bedroom Living room Living room Living room Living room Dining room Dining room Laundry room Bathroom Bathroom Bathroom Bathroom Bathroom Other

2101Z, Rue Rachel E., Montréal (Le Plateau-Mont-Royal)
Centris No. 17158341

Room(s)

1 Room(s)

Bathroom(s)

1 Bathroom(s)

*** Location** Location ** Location ** Well maintained 2 storey semi-commercial building for sale in a sought-out area of Le Plateau. Strategically located on the corner of Rachel & de Lorimier. The entire main floor is currently rented to a bike shop. The unit on the second floor ( 4103 de Lorimier ) consists of a large 6 1/2 unit with 3 large bedrooms that was completely renovated and remodeled in 2017-2018. This unit rents on (Airbnb) 70K per year income only for the second floor unit! This property holds a legal AIRBNB permit. The new owner can easily continue operating the unit on the same platform

Detailed information

Characteristics

Property Type
Duplex
Year of construction
1905
Type of building
Attached
Trade possible
Building dimensions
25.00 ft. x 50.00 ft.
Living Area
Lot dimensions
25.00 ft. x 50.00 ft.
Deed of Sale Signature
Zoning
Residential, Commercial
Pool
Water supply
Municipality
Parking (total)
Driveway
Roofing
Garage
Siding
Lot
Windows
Topography
Window Type
Distinctive Features
Energy/Heating
Electricity
View
Basement
Unfinished, 6 feet and over
Proximity
University, Public transport, High school, Elementary school, Bicycle path, Hospital, Daycare centre, Cegep
Bathroom
Sewage system
Municipal sewer
Heating system
Electric baseboard units
Dimensions
Width of the building
25.00 ft.
Depth building
50.00 ft.
Lot frontage
25.00 ft.
Depth of field
50.00 ft.
Lot dimensions (Sq. ft.)
1,249.69 sq. ft.
Fees and taxes
School taxes :
$564 (2023)
Municipal Taxes :
$15,394 (2023)
Total
$15,958
Municipal evaluation
Year
2022
Lot
$132,900
Building
$632,000
Total
$764,900
Annual Gross Revenue (Potential)
Residential
$100,600
Total revenue
$100,600
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Room dimensions

Room(s) : 1    |   Bedroom(s) :    |   Bathroom(s) : 1    |    Powder room(s) : 0

Room(s)
Level
Dimensions
Type of flooring
Additional information

Inclusions

All the furniture and appliances in the upper unit 4203 De Lorimier, the two wall-mounted heat pumps

Exclusions

Television, dining table and chairs located in the upper unit 4203 De Lorimier

Addenda

*** Location** Location ** Location ** Well maintained 2

storey semi-commercial building for sale in a sought-out

area of Le Plateau. Strategically located on the corner of

Rachel & de Lorimier. The entire main floor is currently

rented to a bike shop ( Velo iBike Montreal ) since 2019.

They also have access to the basement which is not finished

and used as storage. Many improvements and renovations were

completed in the unit. The unit on the second floor ( 4203

de Lorimier ) consists of a large 6 1/2 unit that was

completely renovated and remodeled in 2017-2018. The unit

has 3 large bedrooms with windows, dining room which opens

onto the living room, spacious functional kitchen as well

as a separate laundry room. The oversized bathroom contains

a separate shower as well as an exposed bath. The unit

provides an abundance of natural light due to its numerous

windows and skylights. This unit is currently rented as a

short term rental ( Airbnb ) by the owner and generates

roughly $70,000 gross annually. They possess the proper

permit to do so which is renewable every year. The new

owner can easily continue operating the unit on the same

platform. The unit is fully furnished which is also

included in the sale.

*** Building located on a corner lot ***

- Large Building Size 25 x 50 feet

** Main floor ***

- 2101 Rachel Est

- Rented to ** Velo iBike Montreal **

- roughly 1250 sqft

- Wall-mounted thermo pump ( AC & heat pump )

- also has access to the basement ( unfinished & used as

storage)

- several upgrades and renovations were made throughout the

years

- 5 year lease term

- July 1, 2019 - June 30, 2024

- Initial Rent = $2500 / month

- 1 % increase per year

** Current rent is $2575.75 **

** Rent will increase to $2601.51 / month for the last year

2023-07-01 to 2024-06-30 **

** Lessee pays 50% of the municipal & School taxes ***

*** 4203 de Lorimier - Second Floor ***

- Large 6 1/2 unit

- Fully renovated & remodeled in 2017-2018

- Possesses 3 good size bedrooms with windows

- Dining room opens onto the living room with an access to

a balcony

- Large functional kitchen

- Bathroom was enlarged and has a separate shower & exposed

bath

- Separate laundry room

- An abundance of light due to numerous windows & 2

skylights ( corner building ).

- Hardwood flooring throughout

- Ceramic in the kitchen, bathroom & laundry room

- Roughly 9 foot ceiling

- Wall-mounted thermo pump ( AC & heat pump )

- Fully furnished

** Currently rented on AIRBNB with legal permit by the

owner ***

** Possesses the appropriate permit to do so ***

- Uses Airbnb as their platform

- Roughly $70,000 gross per year

- Rents on average $300/day

- Will typically leave a day free between bookings to

facilitate preparation

** Lots of opportunity to continue and optimize usage of

short rental ***

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