$899,000

Investment For Sale In Mile End, Montréal (Le Plateau-Mont-Royal), Quebec

$899,000

Property Information:

Exceptionally located duplex in the heart of Mile-End, bright corner unit, at the corner of Fairmount Avenue, with an urban park directly across the street. The property offers single occupancy and allows for short-term rental of one of the units, generating excellent income. It can be sold fully furnished, providing a turnkey solution ready to generate revenue upon acquisition. Opportunity to purchase the neighboring duplex (5192--5194 St-Dominique) for a potential development project, including the addition of an extra floor, subject to municipal approvals.

WELL LOCATED IN THE HIGHLY SOUGHT-AFTER MILE-END NEIGHBORHOOD

THE BUILDING:
*Exceptionally located duplex, bright corner unit, at the corner of Fairmount Avenue, with an urban park directly across the street.
*Two apartments, each offering 2 closed bedrooms and an office.
*Single occupancy, with the possibility to operate one of the units as a short-term rental, generating excellent income.
*Can be sold fully furnished, providing a turnkey solution ready to generate revenue immediately upon acquisition.
*Opportunity to purchase the neighboring duplex (5192--5194 St-Dominique) for a development project, including the possible addition of an extra floor, subject to municipal approvals.

FIRST FLOOR / GROUND LEVEL (#5198):
*Bright living room with high ceilings and vintage charm
*Office with a window for an inspiring workspace
*Recently renovated bathroom
*Two spacious bedrooms
*Large open area for dining and kitchen

SECOND FLOOR (#5196):
*Generous entrance
*Office with a window and unobstructed views
*Intimate and private living room
*Renovated bathroom for modern comfort
*Two well-sized bedrooms
*Large open area for dining and kitchen

LOCATION -- CLOSE TO EVERYTHING:
*Next to a vibrant new urban square
*Children's park just around the corner
*Quiet and peaceful street
*Close to Mile-End's famous shops and restaurants (Guillaume, Fairmount Bagel, etc)
*Within walking distance to Collège Français and the National Theatre School
*Primary and secondary schools within walking distance
*Less than 3 km from Université de Montréal, Université du Québec à Montréal, and McGill University

TRANSPORT -- EASY AND CONVENIENT:
*9-minute walk to Laurier metro station
*Close to multiple bus lines
*BIXI stations nearby for easy commuting
*In the heart of Montreal's vibrant city life

Exclusions : Tenant's personal belongings

Building Features:

  • Style: Duplex
  • Basement: Unfinished
  • Proximity: Highway, CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, Réseau Express Métropolitain (REM), High school, Commuter train, Public transportation, University
  • Rented Equipment (monthly): Water heater
  • Heating System: Electric baseboard units
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $50,880

Taxes:

  • Municipal Tax: $4,719
  • School Tax: $591
  • Annual Tax Amount: $5,310

Property Assessment:

  • Lot Assessment: $181,700
  • Building Assessment: $544,200
  • Total Assessment: $725,900

Property Features:

  • Bedrooms: 3
  • Bathrooms: 1
  • Floor Space (approx): 1788.0 Square Feet
  • Lot Size: 1054.00 Square Feet
  • Zoning: RESI

Rooms:

  • Dining 2nd Level 4.27 m x 4.09 m Flooring: Wood
  • Living 2nd Level 3.73 m x 3.51 m Flooring: Wood
  • Primary Bedroom 2nd Level 3.45 m x 3.43 m Flooring: Wood
  • Bedroom 2nd Level 3.05 m x 2.84 m Flooring: Wood
  • Office 2nd Level 3.40 m x 2.08 m Flooring: Wood
  • Bathroom 2nd Level 1.91 m x 1.35 m Flooring: Wood
  • Kitchen Ground Level 4.01 m x 3.96 m Flooring: Wood
  • Living Ground Level 3.96 m x 3.73 m Flooring: Wood
  • Primary Bedroom Ground Level 3.40 m x 2.82 m Flooring: Wood
  • Bedroom Ground Level 3.00 m x 2.87 m Flooring: Wood
  • Office Ground Level 3.00 m x 1.93 m Flooring: Wood
  • Bathroom Ground Level 2.74 m x 2.74 m Flooring: Ceramic

Revenue Units:

  • Pieces 5
  • Bedrooms 3
  • Baths 1
  • Pieces 5
  • Bedrooms 3
  • Baths 1

Courtesy of: Royal LePage du Quartier

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.

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