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Michael Witt

Michael Witt
Residential and Commercial Real Estate Broker

Cellular : 5149836346


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Revenue property for sale, Montréal (Villeray/Saint-Michel/Parc-Extension) |
$2,650,000

Frontage
Frontage
1/4    Frontage
Exterior
2/4    Exterior
Exterior
3/4    Exterior
Exterior
4/4    Exterior

7035, Rue Molson, Montréal (Villeray/Saint-Michel/Parc-Extension)
Centris No. 24877656

Fantastic location in St-Michel - a 4 minute walk to the Iberville metro station on the blue line! Great investment opportunity with the majority of the units offering room for optimization, as these rents can be doubled. Current rents = $137,316. The property has been well maintained throughout the years. No immediate capital expenditures are necessary. Possibility to earn additional income by renting several parking spaces. Units have necessary plumbing connections for the installation of the washing machines.

Detailed information

Characteristics

Property Type
Revenue property
Year of construction
1968
Type of building
Semi-detached
Trade possible
Building dimensions
13.72 m x 22.50 m
Living Area
Lot dimensions
13.72 m x 32.00 m
Deed of Sale Signature
Zoning
Residential
Pool
Water supply
Municipality
Parking (total)
Driveway
Roofing
Garage
Fitted
Siding
Lot
Windows
Topography
Flat
Window Type
Distinctive Features
Energy/Heating
Electricity
View
Basement
Proximity
Public transport, Elementary school
Bathroom
Sewage system
Municipal sewer
Parking
Garage
Dimensions
Width of the building
13.72 m
Depth building
22.50 m
Lot frontage
13.72 m
Depth of field
32.00 m
Lot dimensions (Sq. ft.)
439.00 m²
Fees and taxes
School taxes :
$1,203 (2023)
Municipal Taxes :
$10,155 (2023)
Total
$11,358
Expenses / Energy (per year)
Energy cost
$750
Insurance
$6,600
Municipal evaluation
Year
2024
Lot
$439,000
Building
$1,265,000
Total
$1,704,000
Annual Gross Revenue (Potential)
Residential
$137,316
Total revenue
$137,316
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Inclusions


Laundry and washing machine in the laundry room // Laundry and washing machine in unit #3 // According to the leases

Exclusions


Tenants' belongings

Addenda


- Proximity to Iberville Metro

- Well maintained

- Double the current rent for the majority of the units

- Current rents = $137,316

- Increase income by renting out parking spaces in the

garage

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In the same district

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