Montreal (Rosemont–La Petite-Patrie) Multiplex for sale - $1,195,000
6601-6603 Av. du Parc, H2V 4J1 | 5-Plex for sale Montreal - VID: 6601a
** Semi-Commercial Building For Sale, Rosemont, Little Italy **
Because You Deserve a Winner in your Real Estate Portfolio: Recently built 5X Plex in an up and coming area undergoing gentrification, right on the prestigious avenue du Parc. Semi-commercial building with 1 large commercial unit on the ground floor and 4 residential units on the upper floors, fully rented. Well maintained property with strong stable tenants and still room to improve revenue. An inciting gross income multiplier of 16.01! Surrounded by 6 metro stations, adjacent to the new Outremont area, walking distance to the new University of Montreal Campus and all the stores, restaurants, services & parcs in little Italy.
Virtual Visit unit #3:
https://tour.bonnevisite.com/2270243?a=1&pws=1
Gross Revenue
Residential $51,840
Commercial $22,800
Total $74,640
Inclusions
4 hot water tanks, 4 fridges, 4 stoves, common washer/dryer
Exclusions
Tenant Personal belongings
- Rare on market, 5X Plex constructed in 2001
- Semi-commercial building class 4. GST & QST taxes will be applied to the commercial portion of the sale only, 12% as per the city.
- Large commercial space with independent entrance on Parc, powder room and a garage door, as well as exit in the back, Covered parking spaces under a big terrace.
- The ground floor commercial can be converted to a new residential unit, to be verified with the city.
- The commercial tenant has renewed the lease. Base rent will increase 2% as of 15 November 2024 to 1,938$/month.
- Under-market residential revenue. Potential for increase!
- An electricity meter is needed for the common washer/dryer.
- Sale without legal warranty of quality at the Buyer's risk and peril.
- Visit possible for the commercial space during business hours with an appointment. Visit for the residential units with an accepted offer.
Dobromir Tanev
Residential and Commercial Real Estate Broker
514-576-9990
dbtanev@gmail.com
Because You Deserve a Winner in your Real Estate Portfolio: Recently built 5X Plex in an up and coming area undergoing gentrification, right on the prestigious avenue du Parc. Semi-commercial building with 1 large commercial unit on the ground floor and 4 residential units on the upper floors, fully rented. Well maintained property with strong stable tenants and still room to improve revenue. An inciting gross income multiplier of 16.01! Surrounded by 6 metro stations, adjacent to the new Outremont area, walking distance to the new University of Montreal Campus and all the stores, restaurants, services & parcs in little Italy.
Virtual Visit unit #3:
https://tour.bonnevisite.com/2270243?a=1&pws=1
Gross Revenue
Residential $51,840
Commercial $22,800
Total $74,640
Inclusions
4 hot water tanks, 4 fridges, 4 stoves, common washer/dryer
Exclusions
Tenant Personal belongings
- Rare on market, 5X Plex constructed in 2001
- Semi-commercial building class 4. GST & QST taxes will be applied to the commercial portion of the sale only, 12% as per the city.
- Large commercial space with independent entrance on Parc, powder room and a garage door, as well as exit in the back, Covered parking spaces under a big terrace.
- The ground floor commercial can be converted to a new residential unit, to be verified with the city.
- The commercial tenant has renewed the lease. Base rent will increase 2% as of 15 November 2024 to 1,938$/month.
- Under-market residential revenue. Potential for increase!
- An electricity meter is needed for the common washer/dryer.
- Sale without legal warranty of quality at the Buyer's risk and peril.
- Visit possible for the commercial space during business hours with an appointment. Visit for the residential units with an accepted offer.
Dobromir Tanev
Residential and Commercial Real Estate Broker
514-576-9990
dbtanev@gmail.com
Key Details
Essentials
Property Type:5-Plex
Asking Price:$1,195,000
Number of 3 1/2 Units:2
Number of 4 1/2 Units:2
Number of > 4 1/2 Units:1
Total Number of Units:5
Building Characteristics
Year of Construction:2001
Building Type:Row-houses
Number of Stories:3.00
Number of Exterior Parking:2
Zonage:Residential, Co
Lot Number (Cadastre #):1,868,735
Evaluations, fees and taxes
Building Municipal Assessment:$999,400
Lot Municipal Assessment:$206,200
Municipal Evaluation Total:$1,205,600
Year of Assessment:2024
Municipal Tax:$10,383
School Tax:$995
Taxation Year:2024
Revenue and Expenses
Total Yearly Revenue - Actual:$74,640
Total Yearly Revenue - Potential:$74,640
Yearly Insurance Cost:$3,766
Janitor Agreement:No
Building, Dimensions, Zoning
Unit of Measurement:Feet
Total Building Area:3,109.00
Land Frontage:25.00
Land Depth:69.00
Total Land Area:2,750.18
Irregular Land:No
Topography:Flat
Interior Characteristics
Basement:Finished basement, 6 feet and more, Independent entrance
Energy/Heating:Baseboards, Electric
Type of Flooring:Wood
Kitchen Counters:Butcher Block, Laminate
Washer / Dryer:Laundry room within building
Owner Responsibilities :Fridge, Hot Water Tanks, Stove
Exterior Characteristics
Siding:Brick
Driveway:Asphalt
Exterior Presence:Front balcony, Patio
Water Supply:Municipality
Sewage System:Municipality
Additional Information
Link To Video (ENG):https://tour.bonnevisite.com/2270243?a=1&pws=1
Activities Close By:ATV trails
Properties for sale within proximity:
5-PLEX
MONTREAL
MONTREAL
$1,450,000
6730-6736 Boul. St-Michel,
Montreal (Rosemont–La Petite-Patrie), H1Y 2G3
5 Units
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