Income properties for sale
4584Z, Avenue Papineau, Montréal (Le Plateau-Mont-Royal), Neighbourhood Le Plateau-Mont-Royal
$2,199,999
+GST/QST
$2,199,999 +GST/QST
Income properties for sale
4584Z, Avenue Papineau, Montréal (Le Plateau-Mont-Royal), Neighbourhood Le Plateau-Mont-Royal
Features
Use of property
Residential, Commercial
Year built
1932, Being converted
Available commercial area
2,950 sqft
Building area (at ground level)
4,711 sqft
Living area
18,845 sqft
Lot area
4,711 sqft
Parking (total)
Garage (3)
Number of units
Residential (17), Commercial (1)
Residential units
6 x 2 ½, 6 x 3 ½, 2 x 4 ½, 2 x 5 ½, 1 x 8 ½
Main unit
2 rooms, 1 bedroom, 1 bathroom
Potential gross revenue
$513,024
Additional features
Elevator, Basement 6 feet or +
Description
UNIQUE & RARE OPPORTUNITY, Turnkey project, 18 unit plan, Permit deposit made, ALL CONCRETE commercial property, VACANT, ZONED SHORT TERM (Gîte, Hotel), 4 floors, Surface area 18,845 sqft, 4,711 sqft/floor, Potential gross revenue: ±$513,024, Future chartered appraisal of $7,689,000, Ideal MLI select energy & accessibility product, Significant potential profit in condos, Significant leverage in multi-dwellings, Ceilings 12p (ground floor) & 12p (upstairs). Dream location in the heart of the Plateau ,-15 mins walk to all services & 2 metro stations. Sale price balance possible, Share purchase possible, Partnership possible! See addendum.
Centris No. 12323586
Financial details
| Municipal assessment (2021) | |
|---|---|
| Lot | $874,800 |
| Building | $573,300 |
| Total | $1,448,100 |
| Taxes | |
|---|---|
| Municipal (2023) | $18,705 |
| School (2023) | $1,222 |
| Total | $19,927 |
See all financial details