514 743-9638

1459-1469, avenue de la Salle, Montréal
6

590 000 $
Asking Price

Description

Here is a nice 6 units building located in the Hochelaga-Maisonneuve borough in Montreal including 6 x 3 1/2.

Brick building, completely renovated in 1998, located less than 3 minutes from bus stops 34, 258 and 353. Near several elementary and secondary schools and Collège Maisonneuve. Walking distance to grocery stores, shops and restaurants. Morgan and Champêtre parks are less than a 5-minute walk away.

Electricity, heating and hot water are at the expense of the tenants. The current tenants have all been pre-approved.

Nice brick building, completely renovated in 1998, including electricity with a 600 amp main entrance and 100 amp breaker panel for each dwelling. Five of the six water heaters are leased from Hydro-Solution and are at the expense of tenants. The windows are PVC and the doors are made of steel. The plumbing and the bathrooms were completely redone, the roof was replaced and the parquet and ceramic floors were also changed. Most electric baseboards and electronic thermostats are less than 5 years old.

The units on the ground floor are above ground level. No water infiltration was observed. Well insulated and ventilated 4 foot service cellar.

Front balconies are made of fiberglass and rear balconies in steel.

The main sewer pipe of the building connected to the city was changed during the summer of 2017, the slab as well as two concrete steps will be redone by the owner shortly.

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residential Units : 6 total : 6 listing Sheet
Income :
Residential Revenues 46 400 $
Commercial Revenues 0 $
Laundry Revenues 0 $
Parking Revenues 0 $
Other Revenues 0 $
Total Income 46 400 $
Expenses : REAL : CMHC :
Municipal Taxes 4 868 $ 4 868 $
School Taxes 959 $ 959 $
Electricity 0 $ 0 $
Heating 0 $ 0 $
Insurance 1 852 $ 1 852 $
Maintenance 0 $ 3 000 $
Management 0 $ 1 337 $
Janitor 0 $ 750 $
Snow Removal 0 $ 0 $
Appliances 0 $ 0 $
Other Expenses 0 $ 0 $
Vac. /Bad Debt 185 760 $ 185 760 $
Total Expenses 95 366 $ 146 236 $
Net Income 368 634 $ 317 764 $
FINANCIAL RATIOS : REAL : CMHC :
Price Per Doors (PPP) 115 833 $ 115 833 $
Multiplier Gross Income (MGI) 15.6 15.6
Multiplier Net Income (MNI) 18.8 18.8
Cap Rate (TGA) 5.3 4.6
GENERAL INFORMATION :
Accommodation Type 6 X 3.5 Construction Year 1910
Property Use Residential Lot Assessment 103 500 $
Building Type Wood and Brick Building Assessment 479 700 $
Total Number Of Floors 3 Total Assessment 583 200 $
Lot Size 30 x 64 ft. Certificate Of Location Yes - 2017
Lot Area 1 920 sq.ft. Environmental Study No
Building Size 30 x 45 ft. Cadastre 1878808
Living Area 1 350 sq.ft. Zoning Residential
FEATURES :
Roofing Asphalt and gravel Plumbing Copper and ABS
Window PVC Kitchen Very good
Siding Brick Bathroom Very good
Electrical Panel Breaker Floor Covering Parquet and Ceramic
Heating System Electricity Parking No
Heating Responsible Tenants Janitor No
Hot Water Tank Electricity Intercom No
Hot Water Responsible Tenants Fire System No
Washer And Dryer Entry Yes
MORTGAGE INFORMATION :
At buyer's choice.
 
DISCLOSURE NOTICE :
The information in this data is accurate to the best knowledge of the listing broker. The data are for information only and should not be considered official.

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514 743-9638