For Sale

$2,790,000

1902 - 1906 Place Arthur-Buies , Montréal (Mercier/Hochelaga-Maisonneuve), QC H1L3G3

Remarks

Building with 16 units in total (2x8); all 4 1/2 located near services. Good size units with 2 closed bedrooms. Heating (hot water furnace) and hot water tanks at the owner's expense all powered by natural gas. Great opportunity for income growth in the future. Revenus as of July 1st 2022.

- Excellent location at 5 minutes walking distance from services on Notre-Dame Street (grocery store, pharmacy, restaurants, etc.)
- Promenade Bellerive park and bicycle path nearby
- Honoré-Beaugrand metro station nearby
- 4 natural gas hot water tanks to supply the building
- 2 natural gas hot water furnaces to heat the units
- Future Eastern REM project will pass nearby

Work done in the last few years:
2022 - 1902-1 unit redone in its entirety.
Some bathrooms redone since purchase
2021 - Asphalt redone in its entirety
2021 - Caulking on all doors and windows
2019 - 2 hot water tanks
2018 - Metal flashing around the roof
2018 - Masonry on west side and rear wall
2015/2016 - Balconies and railings
2008 - Replacement of electrical panels. 14 of 16 changed
2012 - Replacement of all front spandrels

Inclusions:

as per leases

Property Summary

  • Neighbourhood: Mercier
  • Lot Assessment: $300,300.00
  • Building Assessment: $1,151,700.00
  • Total Assessment: $1,452,000.00
  • Assessment Year: 2022
  • Municipal Tax: $11,828.00
  • School Tax: $1,423.00
  • Annual Tax Amount: $13,251.00 (2022)
  • Lot Frontage: 30.06 Metre
  • Lot Depth: 20.03 Metre
  • Lot Size: 602.1 Square Metres
  • Building Width: 24.44 Metre
  • Building Depth: 11.92 Metre
  • No. of Parking Spaces: 4
  • Floor Space (approx): 873.23 Square Metres
  • Built in: 1969
  • Zoning: RESI

Building Features:

  • Driveway:
    Asphalt
  • Heating System:
    Hot water
  • Water Supply:
    Municipality
  • Heating Energy:
    Natural gas
  • Environmental Study:
    Phase 1
  • Foundation:
    Poured concrete
  • Distinctive Features:
    Street corner
  • Proximity:
    Highway , Metro , Park , Bicycle path , Public transportation
  • Siding:
    Brick
  • Parking:
    Driveway
  • Sewage System:
    Municipality
  • Roofing:
    Asphalt and gravel

Revenue Units

  • Potential gross revenue: Residential
    $158,664.00
  • Potential gross revenue: Parking/Garages
    $1,680.00
  • Potential gross revenue: Date
    04-04-2022

Expenses (annual)

  • Insurance
    $8,332.00
  • Electricity
    $666.00
  • Gas
    $14,844.00

Revenue Units

  • Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00

Lifestyle
Neighbourhood Info

Get More Info

Book a tour