Montreal (North) Multiplex for sale - $699,000

Row duplex on Balzac Avenue in Montréal-Nord with three rented units: two large 5½ and a two-bedroom 4½ in the finished basement, each with its own electrical meter. Annual income of $39,600, with rents below those of the area: a real margin for an investor. Membrane roof redone in 2020, renovated bathrooms, two parking spaces at the back. Schools, parks, shops and buses nearby. Leases end June 30, 2027: an owner-occupant can still plan to move in next summer.

THE THREE UNITS
- Ground floor: 5½, $1,220/month, one parking space. Ceramic floors, hardwood in the bedrooms, fully redone bathroom.
- Upper floor: 5½, $1,030/month, one parking space.
- Basement: large two-bedroom 4½, $1,050/month, bathroom with shower and powder room redone in 2025.
Annual income of $39,600. All three leases end on June 30, 2027. Each unit has its own electrical meter.

THE BUILDING
Row duplex built in 1960 on a 2,250 sq. ft. lot. White membrane roof redone in 2020. Electric heating. Fully finished basement. Connected to municipal water and sewer. Two parking spaces at the back.

THE POTENTIAL
Current rents are below those of the area: the building offers real upside to an investor. With three units already separated, each on its own meter, the buyer may consider a regularization process with the Montréal-Nord borough, to be validated with the City.

FOR AN OWNER-OCCUPANT
The leases end on June 30, 2027. A buyer who becomes the owner before the end of December 2026 can send the repossession notice in time to move into one of the units on July 1, 2027.

THE AREA
Residential, family-oriented part of Montréal-Nord, within walking distance of schools, parks, grocery stores and shops, with several bus lines nearby.

VISITS
One visit at a time, with 24 hours' notice to the tenants, coordinated by the listing team.

Seller's declarations, certificate of location, leases and tax bills available on request. Sale without legal warranty of quality, at the buyer's own risk.

INCLUSIONS
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EXCLUSIONS
Tenants' furniture and personal belongings.