$2,649,000

Investment For Sale In Milton-Parc, Montréal (Le Plateau-Mont-Royal), Quebec

$2,649,000

Property Information:

Fully leased & completely renovated 4plex with 2 driveway spaces. Primarily located on Hutchison Street, steps away from Mcgill University. Comprising 4 exclusive units: 2 x 4 1/2 & 2 x 5 1/2 that have been fully renovated. The current gross revenue is $110,040 per year and is currently in process of being increased. Elegant brand new hardwood flooring throughout, private terraces, elegant wood doors, stainless steel appliances, brand new & modern backsplash, condemned brick fireplace, exposed brick walls, bathrooms with marble countertops, in-unit laundry for all units.

INVESTMENT OPPORTUNITY | LE PLATEAU-MONT-ROYAL

Welcome to 3480 Rue Hutchison! Fully leased & completely renovated 4plex, situated in the sought-after Le Plateau-Mont-Royal. In close proximity to Mcgill University, Mont-Royal Parc, Molson stadium, public transportation, and all other amenities.

Fully renovated from A-Z.
The current gross revenue is $110,040 per year and is currently in process of being increased.

Recent Renovations completed to the property:

* Brand new & elegant hardwood flooring;
* Recent roofing;
* Recent plumbing & electrical;
* Renovated bathrooms;
* Several kitchens have been renovated;
* New flooring.

***

* Comprising 4 exclusive units: 2 x 4 1/2 & 2 x 5 1/2;
* Elegant brand new hardwood flooring throughout;
* Large windows allowing for an abundance of natural light;
* Exposed brick walls;
* Condemned brick fireplaces within the units;
* Private large terraces;
* Elegant wood doors;
* Stainless steel appliances, brand new & modern backsplash;
* Modern bathrooms with ceramic flooring throughout, and with marble countertops;
* Fully equipped kitchens with stainless steel appliances;
* Every unit contains an in-unit laundry space;
* 2 exterior parking spaces.

**All rental amounts for the Leases shall be confirmed**

Inclusions: As per the leases

Exclusions : As per the leases

Building Features:

  • Style: Fourplex
  • Distinctive Features: No rear neighbours
  • Driveway: Concrete
  • Parking: Driveway
  • Proximity: Highway, CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Commuter train, Public transportation, University
  • Heating System: Electric baseboard units
  • Heating Energy: Electricity
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $110,040

Taxes:

  • Municipal Tax: $10,248
  • School Tax: $1,039
  • Annual Tax Amount: $11,287

Property Assessment:

  • Lot Assessment: $444,900
  • Building Assessment: $1,224,300
  • Total Assessment: $1,669,200

Property Features:

  • Bedrooms: 2
  • Bathrooms: 1
  • Built in: 1900
  • Floor Space (approx): 3485.0 Square Feet
  • Lot Size: 1955.00 Square Feet
  • Zoning: RESI
  • No. of Parking Spaces: 2

Revenue Units:

  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 5
  • Bedrooms 3
  • Baths 1
  • Pieces 5
  • Bedrooms 3
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1

Courtesy of: Royal LePage du Quartier

Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

Sold without legal warranty of quality, at the buyer's own risk.

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