Montréal (Ville-Marie) QC, H2X 3A7
Property Information:
Located just minutes from the CHUM, Old Montreal, downtown, the Village, public transport, and services... a rare opportunity! This property features 22 units, each equipped with a kitchen and appliances such as a refrigerator, stove, and essential furniture. Every two or three tenants share a bathroom and toilet, with four rooms boasting private bathrooms and toilets. The basement includes a coin-operated laundry room. The landlord covers electricity costs, approximately CAD 10,000 per year. Each tenant has a formal lease agreement. The rent is exceptionally high.
The purchase offer is conditional on the City of Montreal's written waiver of its municipal pre-emption right on the property, in accordance with applicable laws. The waiver request will only be submitted after the buyer has fulfilled all other conditions of the offer, except for the lifting of the pre-emption right and the signing of the deed of sale. The City has 60 days to exercise its right or waive it; failing which, the transaction may proceed. If the City exercises its right, the purchase offer will be terminated without penalty or obligation, and the City will reimburse the buyer's incurred expenses (inspection, appraisal, mortgage, etc.). This condition is essential; if not met, the offer is void without prejudice to the parties. By signing the seller's declaration, the buyer automatically accepts the inclusion of this condition in the purchase offer.
In 2015, the roof was replaced. In 2021, preventive maintenance work was carried out on the roof to extend its lifespan.
Part of the plumbing and sewer pipes (cast iron) was replaced with PVC pipes.
In 2019, the exterior entrance at the center of the building was damaged by a fire, but insurance covered the damages, and full repairs were completed.
All four apartments have been equipped with independent bathrooms and toilets (plans, permits, and invoices available for review).
In 2024, two new fire alarm systems were installed.
Inclusions: Per the lease: 19 Stoves, 18 microwave, 19 refrigerators, 27 Tables, 20 chairs, 20 beds, 1 washer, 1 dryer, 1 fan, 2 televisions(The seller does not guarantee the accuracy of the quantity or the warranty of the appliances)
Exclusions : Tenants personal belongings
Building Features:
- Driveway: Asphalt
- Parking: Driveway
- Window Type: Sliding
- Windows: Aluminum
- Heating System: Electric baseboard units
- Water Supply: Municipality
- Sewage System: Municipality
Potential Gross Revenue:
- Residential: $179,820
- Parking: $16,860
- Other: $4,800
Taxes:
- Municipal Tax: $9,716
- School Tax: $1,267
- Annual Tax Amount: $10,983
Expenses:
- Insurance: $13,618
- Electric: $10,667
Property Assessemnt:
- Lot Assessment: $858,600
- Building Assessment: $701,400
- Total Assessment: $1,560,000
Property Features:
- Built in: 1870
- Floor Space (approx): 477.4 Square Metres
- Lot Size: 412.80 Square Metres
- Zoning: RESI
- No. of Parking Spaces: 8
Revenue Units:
Unit 1
Unit 2
Unit 3
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.
⚠ Potential Investment Performance
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Market Price Trends
Demographic Information of 1089 - 1097 Av. de l'Hôtel-de-Ville, Montréal (Ville-Marie), QC, H2X 3A7
Life Stage
Later YearsEmployment Type
Service SectorAverage Household Income
$112,473.12Average Number of Children
1.35Household Population
Household Structure
Age of Population
Education
Education Level
No certificate/diploma/degree
15.67 %High school certificate or equivalent
15.62 %Apprenticeship trade certificate/diploma
3.74 %College/non-university certificate
11.11 %University certificate (below bachelor)
5.68 %University Degree
48.18 %Commuter
Travel To Work
By Car
26.94 %By Public Transit
25.6 %By Walking
41.17 %By Bicycle
1.32 %By Other Methods
4.97 %Cultural Diversity
Knowledge of Official Language
Mother Tongue
Building Information
Building Type
Apartments (Low and High Rise)
99.49 %Houses
0.51 %
