Under contract
Montreal (Notre-Dame-de-Grâce)
Montreal (Notre-Dame-de-Grâce)
3 195 000$
annual
Century-old rooming house, built in 1915.
An investment opportunity not to be missed in an exceptional location.
Located in NDG, a stone’s throw from Monkland Village. It is a 9-minute walk (650 m) from the MUHC and the Vendôme metro and train station. The Villa Maria metro station is also 1km away.
The rooms have an average area of 175 sq ft to 225 sq ft. The living area of each floor is approximately 2,750 sq ft to 2,800 sq ft for a total, including the three above-ground floors and the basement, of 11,000 sq ft.
11 rooms on the 1st floor
13 rooms on the 2nd floor
13 rooms on the 3rd floor
12 rooms in the basement
Each floor has 3 showers and 3 bathrooms, except the 1st floor which has 2 showers and 2 bathrooms as the caretaker’s apartment contains a private bathroom with a shower.
GENERAL INFORMATION | |
---|---|
Type of property | Rooms x 49
|
Year of construction | 1915 |
Use of property | Residential |
Construction type | Wood and bricks |
Number of floors | 3 |
Land area | 4,338 sq. ft. |
Living area | 8,490 sq. ft. |
Zoning | Residential |
Certificate of location | 2020 |
Cadastre | 4139544 |
FEATURES | |
---|---|
Roof | Asphalt and gravel |
Exterior cladding | Brick |
Kitchen | |
Bathroom | |
Floors | Ceramic |
Heating system | Gas |
Heating supervisor | Owner |
Hot water supervisor | Owner |
Janitor | Yes |
Parking | No |
Parking (details) | |
Intercom | No |
Fire system | No |
Income | |
---|---|
Residential income | 259 740 $ |
Commercial income | |
Laundry income | 3 300 $ |
Parking income | |
Other income | |
Total income | 263 040 $ |
Expenses | Real | CMHC | |
---|---|---|---|
Municipal taxes | 9 013 $ | ||
School taxes | 1 071 $ | ||
Electricity | 15 325 $ | ||
Heating | 14 013 $ | ||
Insurance | 10 960 $ | ||
Maintenance | 10 000 $ | ||
Management | 12 987 $ | ||
Janitor | 12 000 $ | ||
Household appliances | |||
Snow removal | |||
Videotron | 12 713 $ | ||
Vacancy / bad debts | |||
Total expenses | 98 082 $ |
Financial ratios | Real | CMHC | |
---|---|---|---|
Price per door (ppp) | |||
Gross revenue multiplier (grm) | |||
Net revenue multiplier (nrm) | |||
Capitalization rate (cap rate)
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