House Montreal (Canada) Price: $ 2,334,200 USD

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Bedrooms 4  Bathrooms 2  Land 783 m²

Majestic and rare property of five beautiful apartments with a lot of character a few minutes from the city center on a building plot of 8,421 sf. This building offers a historic stone facade, a carriage entrance to the inner courtyard, a real oasis and its garages offering 7 spaces. Two of the five units will be available to future buyers, including the main unit which is built on 3 floors with 4 bedrooms, two full bathrooms and a large 3-season terrace. Possibility of divided or undivided condos and to build several additional dwellings behind, the land having an implantation rate of 70%.
Majestic stone building with high ceilings, woodwork, interior courtyard with secure gatehouse and 7 garages, the income of which is detailed as follows
Unit 2168 owner occupant (main unit): high ceilings, original woodwork, living room, dining room, renovated kitchen, 3 bedrooms upstairs, 1 bedroom on the ground floor, 2 full and renovated bathrooms, basement not finished 8 feet more in height, large magnificent terrace in the interior courtyard, possibility of easily converting 2170 into an additional floor for this unit. Historical cachet preserved. Potential income of approximately $4,500/month
Unit 2160: Rental value of approximately $2,300/month. Third floor left side. Will be vacant for the buyer. Magnificent fully renovated accommodation: 1 bedroom, 1 office, double living room, dining room and superb kitchen. New bathroom
Unit 2170: Rental value of approximately $2,500/month. Third floor right side. Large 5 ½, 2 bedrooms, dining room, living room, renovated kitchen, 3 balconies
Unit 2162: Currently $1,300/month. Second floor, left side. One bedroom, double living room, dining room. Renovated bathroom and kitchen.
Unit 2164: Currently $1,300/month. Ground floor left side. One bedroom, living room, dining room, renovated kitchen
All units have dishwasher, washer/dryer facilities and have large storage spaces (locker)
Potential revenue from the 7 garages: $1,250/month
Total potential rental income: $155,400 per year
POSSIBILITIES
This property offers you a multitude of options. Possibility of building additional accommodation behind the current building. The 8,421 sf lot allows for a 70% settlement rate without necessity (confirmed with the borough). Maximum construction height: 12.5m. It is also possible to convert into divided or undivided condos, to subdivide the lot (rear part), to subdivide in two along the length, to carry out a bi-generation project, or to keep it as is for rental
Historically, this building was inhabited by families
MAJOR WORK DONE
In total, the current owner has invested approximately $500,000 in work since its acquisition.
Excavation and coating of the stamped concrete yard--$45,000
Stone seal on the facade -- Heritage masons - $15,000
Landscaping and irrigation system--$5,000
Dwellings renovated over the years and other works: table available
LOCATION
Very sought-after central district, access in a few minutes to the city center.
- Metro Charlevoix (green line) 5 min walk
- Atwater market at 1.3 km
- Lachine Canal 5 min walk
- Easy access to highways 15 and 20
- Located on the beautiful Center Street (no neighbors in front), both residential and commercial.
- Neighborhood grocery store a few doors down, cafes, and various local shops
- CPE and schools nearby.
*Visit possible for main unit. Others on an accepted promise to purchase.
INCLUSIONS
2162, 2164 et 2170: Dish washer 2164: Dishwasher 2168: Alarm system 2170: Dishwasher. Exterior: Garage Door openener and irrigation system
EXCLUSIONS
2160: Light fixtures, appliances, kitchen shelf and island. 2162 and 2164: Appliances (but dishwasher). 2168: Appliances, lightning fixture, bathroom pharmacy on main floor 2170: Appliances (but diswasher), shelves, ligthning fixtures, kitchen island. Exterior: See attached table