Income properties for sale
4171, 40e Rue, Montréal (Villeray/Saint-Michel/Parc-Extension), Neighbourhood Saint-Michel
$1,549,000
$1,549,000
Income properties for sale
4171, 40e Rue, Montréal (Villeray/Saint-Michel/Parc-Extension), Neighbourhood Saint-Michel
Features
Use of property
Residential
Year built
1957
Living area
495 sqft
Lot area
1,776 sqft
Parking (total)
Driveway (4)
Number of units
Residential (8)
Residential units
8 x 4 ½
Main unit
4 rooms, 2 bedrooms, 1 bathroom
Potential gross revenue
$93,421
Description
Great investment! 8plex with 4 parking spaces in the back. All 4 1/2 units. Roof approx 2016. Well maintained building with upgrades done. Current Effective Revenue of $93,420. Great opportunity for optimization, Market rents are $1,300+ with a total potential gross revenue of $124,800+ per year. 4171 40e Rue has a Walk Score of 88 out of 100. 17 minute walk from the MA 15 - Mascouche at the Gare Saint-Michel-Montral-Nord stop. Close to parks include Parc Coubertin, Parc Luigi-Pirandello and Parc George-Vernot, schools, clinics and daycares. Excellent investment!
Centris No. 26064114
Financial details
| Municipal assessment (2021) | |
|---|---|
| Lot | $237,600 |
| Building | $740,600 |
| Total | $978,200 |
| Taxes | |
|---|---|
| Municipal (2024) | $6,212 |
| School (2024) | $785 |
| Total | $6,997 |
| Expenses | |
|---|---|
| Electricity | $240 |
| Insurance | $4,000 |
| Total | $4,240 |
See all financial details