Courtier/Gestionnaire Affilié
Royal LePage Altitude
, Real Estate Agency*
3684 - 3700 Rue Adam, Montréal (Mercier/Hochelaga-Maisonneuve), QC, H1W 1Z2
$1,499,000MLS® # 15011171
Investment For Sale In Hochelaga-Maisonneuve, Montréal (Mercier/Hochelaga-Maisonneuve), Quebec
$1,499,000
Property Information:
This 9-unit building, located in the booming HOMA district on Adam Street, represents an exceptional opportunity for investors. With well-maintained units, significant updates such as electrical panel replacement and recent plumbing, as well as a large rear lot offering additional development potential, this building is ideal for those seeking stability and growth in their investment. Not to miss !
This 9-unit building located on Adam Street in the burgeoning HOMA neighborhood offers an exceptional opportunity for investors. With the same owner for over 35 years, it has benefited from consistent maintenance and features attractive qualities for those seeking a stable investment.
The units, all 4 1/2 with one closed bedroom, are well-maintained and attract excellent tenants. The interior layout varies slightly by floor, with different front rooms such as corridors or stairs, while the rear rooms are similar in all units.
The building has undergone significant updates, including the replacement of multiple electrical panels and a plumbing overhaul, with approximately 90% of the plumbing changed throughout the structure. Additionally, the crawl space is divided into 3 sections, with access hatches located in the ground floor units.
At the rear of the property, a large courtyard offers potential for future projects, such as the construction of additional rental units, subject to municipal approval. The rear shed requires a decision from the new owner regarding its preservation, demolition, or renovation.
The all-brick construction of the building ensures long-term durability, while the elastomeric roofing provides additional weather protection. Overall, this building represents a solid opportunity for an investor looking to capitalize on the neighborhood's continued growth and leverage its rental income potential.
Location: Ideally PERFECT!
Walk Score 95 and Bike Score 100
Nearby parks include Saint-Aloysius Park, Valois Passage, and Edmond-Hamelin Park.
+ Close to SHOPS, EDUCATION/HEALTH/LEISURE services
+ Just a few minutes' walk from Maisonneuve Market
+ A short walk to the services and amenities of Ontario Street (grocery, pharmacy, ATM, parks, restaurants/cafes/bistros, trendy addresses, SAQ, CLSC, etc.)
+ OTHER NEIGHBORHOOD ATTRACTIONS easily accessible: Botanical Garden, Maisonneuve Park, Olympic Park, Saputo Stadium, StarCité cinema, Pro-Gym, etc.
+ A 20-minute walk from JOLIETTE and PIE_IX METRO stations
+ Close to several BUS STATIONS
+ 2 pedals away from the BIKE PATH on VIAU
Inclusions: 9 water heater
Building Features:
- Basement: Crawl space
- Dividing Floor: Wood
- Floor Covering: Wood
- Foundation: Stone
- Kitchen Cabinets: Wood, Melamine
- Proximity: Highway, CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Cross-country skiing, Commuter train, Public transportation
- Renovations: Roof covering
- Roofing: Elastomeric membrane
- Siding: Brick
- Size: 14.02 x 14.08 METRE
- Window Type: Guillotine, Casement, French door
- Windows: Aluminum, Wood
- Heating System: Electric baseboard units
- Heating Energy: Electricity
- Water Supply: Municipality
- Sewage System: Municipality
Potential Gross Revenue:
- Residential: $93,180
Taxes:
- Municipal Tax: $7,737
- School Tax: $878
- Annual Tax Amount: $8,615
Property Assessment:
- Lot Assessment: $565,800
- Building Assessment: $652,700
- Total Assessment: $1,218,500
Property Features:
- Bedrooms: 1
- Bathrooms: 1
- Built in: 1910
- Irregular: Yes
- Lot Depth: 33.64 Metre
- Lot Frontage: 14.02 Metre
- Lot Size: 471.50 Square Metres
- Zoning: RESI
Revenue Units:
- Pieces 4
- Bedrooms 1
- Baths 1
- Pieces 4
- Bedrooms 1
- Baths 1
- Pieces 4
- Bedrooms 1
- Baths 1
- Pieces 4
- Bedrooms 1
- Baths 1
- Pieces 4
- Bedrooms 1
- Baths 1
- Pieces 4
- Bedrooms 1
- Baths 1
- Pieces 4
- Bedrooms 1
- Baths 1
- Pieces 4
- Bedrooms 1
- Baths 1
- Pieces 4
- Bedrooms 1
- Baths 1
Courtesy of: Royal LePage Altitude
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.
Additional Photos
