Under contract

3467 avenue Prud'homme

Montreal (Notre-Dame-de-Grâce)

units

Montreal (Notre-Dame-de-Grâce)

3 195 000$

Century-old rooming house, built in 1915. Investment opportunity not to be missed in an exceptional location.
2023
Year of construction
0 $
Revenue
annual
DESCRIPTION

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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