Investment For Sale In Parc-Lafontaine, Montréal (Le Plateau-Mont-Royal), Quebec
$1,600,000-
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Prime investment opportunity in Le Plateau Mont-Royal. This exceptionally located triplex is a proven high-income generator, offering strong and reliable cash flow from day one. Situated steps from the Sherbrooke Metro station, Carré St-Louis, and the vibrant shops and restaurants of the main city arteries. The property is well-maintained with three spacious, highly sought-after 5½ units, each with double rooms! An asset presenting significant capital appreciation potential in one of Montreal's most desirable neighborhoods. Ideal for discerning investors seeking premium real estate with outstanding returns. Act quickly on this rare offering!
Proudly presenting one of the most substantial and revenue-generating triplexes available in the core of Le Plateau Mont-Royal. This property, located on the prestigious Berri Street, is a true rarity due to its exceptional size, robust construction (circa 1900), and proven high annual income. This is an acquisition for the discerning investor seeking a strategic, long-term asset in a historically significant and high-demand neighborhood.
UNIQUE PROPERTY FEATURES
The scale of this building is its primary differentiator. The triplex offers an impressive total living space of 4,100 square feet across all three floors, setting it apart as one of the largest residential properties of its type in the entire Plateau sector.
Configuration: The building consists of three massive, oversized residential units, each being a large 5½ apartment.
Flexibility: The expansive interior layout on each floor is designed for versatility, allowing tenants to easily utilize the space as two large double rooms (or three generous separate bedrooms), thereby maximizing rental potential with 5 "possible" bedrooms on every floor.
Financials: The property demonstrates a consistent history of generating high annual income, offering immediate and reliable cash flow.
LOCATION: HISTORICAL CONTEXT AND LIFESTYLE
The property is situated in a highly coveted, deeply historical section of the city, perfectly capturing the classic Montreal charm and accessibility that tenants demand.
Historic Cachet: The architecture is defined by characteristic turn-of-the-century worker housing, featuring the iconic facade stairs that are synonymous with Le Plateau, providing cultural and architectural value to the asset.
Vibrant Lifestyle: Residents are steps away from Avenue Duluth Est, known for its pedestrian-friendly summer atmosphere, and the mix of local restaurants and businesses. The triplex is also minutes from the Latin Quarter and Carré St-Louis.
OUTSTANDING PUBLIC SERVICES & INFRASTRUCTURE
The property's high rental appeal is underscored by its peerless access to essential public services and transportation links:
Metro Connectivity: The triplex offers superb transit access, within comfortable walking distance of multiple major STM Metro stations Sherbrooke, Berri-UQAM and Mont-Royal.
Transit and Active Transport: Numerous key bus routes service the main nearby arteries. The location is a walker's and cyclist's paradise, with extensive bike paths connecting the Plateau to the wider city.
Green Spaces and Education: The majestic Parc Lafontaine is a short stroll away, offering tenants expansive recreational space. The proximity to UQAM and McGill University ensures a consistent pool of high-quality potential tenant, whether they are professionals or students.
Hence, this is an unparalleled opportunity to invest in a piece of Montreal's heritage, defined by massive square footage, high revenue, and a prime, transit-rich location!
Inclusions: Apartment 3907: Fridge (2), stove, washer and dryer. Apartment 3909: Fridge, stove, washer, dryer, 3 beds, 3 dressers, desk with chairs, couch with round table. Apartment 3911: Fridge, stove, washer, dryer, beds, dressers, desk with chairs, couch with round table.
Building Features:
- Style: Triplex
- Basement: Crawl space
- Driveway: Asphalt
- Floor Covering: Ceramic, Parquetry
- Foundation: Poured concrete
- Parking: Driveway
- Proximity: CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Public transportation, University
- Rented Equipment (monthly): Water heater
- Roofing: Asphalt and gravel
- Siding: Brick
- Size: 7.53 x 23.39 METRE
- Heating System: Electric baseboard units
- Heating Energy: Electricity
- Water Supply: Municipality
- Sewage System: Municipality
Potential Gross Revenue:
- Residential: $105,180
Taxes:
- Municipal Tax: $9,297
- School Tax: $1,184
- Annual Tax Amount: $10,481
Expenses:
- Electric: $10,930
Property Assessemnt:
- Lot Assessment: $835,600
- Building Assessment: $609,000
- Total Assessment: $1,444,600
Property Features:
- Bedrooms: 3
- Bathrooms: 1
- Built in: 1900
- Floor Space (approx): 4100.0 Square Feet
- Irregular: Yes
- Lot Depth: 33.22 Metre
- Lot Frontage: 7.53 Metre
- Lot Size: 2725.00 Square Feet
- Zoning: RESI
- No. of Parking Spaces: 2
Revenue Units:
Unit 1
- Pieces 5
- Bedrooms 3
- Baths 1
Rooms:
- Foyer Ground Level 1.17 m x 1.17 m 3.10 ft x 3.10 ft Flooring: Ceramic
- Other Ground Level 5.44 m x 1.22 m 17.10 ft x 4.0 ft Flooring: Parquetry
- Bedroom Ground Level 6.63 m x 3.10 m 21.9 ft x 10.2 ft Flooring: Parquetry
- Bedroom Ground Level 6.53 m x 2.34 m 21.5 ft x 7.8 ft Flooring: Parquetry
- Living Ground Level 4.90 m x 3.56 m 16.1 ft x 11.8 ft Flooring: Parquetry
- Bedroom Ground Level 3.94 m x 3.25 m 12.11 ft x 10.8 ft Flooring: Parquetry
- Kitchen Ground Level 3.38 m x 2.31 m 11.1 ft x 7.7 ft Flooring: Ceramic
- Other Ground Level 3.40 m x 0.94 m 11.2 ft x 3.1 ft Flooring: Ceramic
- Bathroom Ground Level 3.10 m x 1.50 m 10.2 ft x 4.11 ft Flooring: Tiles
- Laundry Ground Level 3.76 m x 2.92 m 12.4 ft x 9.7 ft Flooring: Ceramic
Unit 2
- Pieces 5
- Bedrooms 3
- Baths 1
Rooms:
Unit 3
- Pieces 5
- Bedrooms 3
- Baths 1
Rooms:
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Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
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