12 bedrooms
6 bathrooms
Lot dimensions 62x100 ft (18.90x30.48 m)

Owners’ comments

Automated translation

IN FRONT OF A LARGE NATURAL FOREST - ATTENTION - Given the rapid and sustained interest in this property put on the market last Thursday, May 24, I have already refused to receive two promises to buy. However, you may have the chance to submit your promise to purchase starting at noon, next Saturday, June 2, 2012. Thank you

With two double garages and basement -- Beaugrand Metro

UPDATE dated October 22, 2012

The building is officially SOLD. On June 2, 2012, I received four offers to buy. The next day, I chose one of them offering $795,000, an amount equal to the asking price, despite the fact that one of the four offered $800,000. The day after, I had two other potential buyers who wanted to make an offer to buy, but it was already too late.

The transaction took a long time to finalize because it took a long time for the buyer to obtain financing.

Many of you have shown an interest in this property and I thank you for that. Some of you asked me if I wanted to sell my other neighboring and attached building, located at 5955 Pierre-Bernard. For 2012, this is not an envisaged scenario. However, during 2013 or 2014, I will consider this possibility and, if necessary, I will contact all the people who have also shown an interest in this second building


THE COUNTRYSIDE IN TOWN!

Living in front of a large natural forest in Montreal, walking along hiking trails, 5 minutes from the Honoré-Beaugrand metro station, on the edge of Anjou, close to all services, elementary school, road network, bike paths, shops such as Galeries d'Anjou, Place Versailles, this magnificent semi-detached sixplex, with two double garages (20 x 20), two outdoor parking spaces, offers you this magnificent semi-detached sixplex, with two double garages (20 x 20), two outdoor parking spaces.

You think that access to property in Montreal has become unaffordable for you, here is the dream solution, a large 5 ½ on the ground floor, completely renovated, is available to the buyer. Also, a portion of the basement could also be available that could be arranged as a living room (370 square feet) with or without an office or simply a workshop for crafting. It will cost you NOTHING to stay in this magnificent property, the income will completely cover your monthly mortgage payments as well as all your expenses.

Owner for 15 years, there have never been any vacancies. The reason is very simple, its strategic location facing a forest gives this building a unique and enviable advantage. Imagine staying in front of large green spaces where you can find natural trails, bike paths, cross-country skiing trails in winter. The countryside in the city! We can't say it enough, the three most important criteria in choosing a real estate investment are 1st: the site, 2nd: the site and 3rd: the site.


CHARACTERISTICS

- Construction year: approximately 1970
- Building dimensions: 46 feet of facade x 41 feet deep;
- Land of 6,201 square feet or 62 feet of facade x 100 feet depth
- Municipal assessment 2012: $533,633;
- 3 units X 5 ½;
- 3 units x 3 ½;
- 2 double garages 20 feet X 20 feet deep; - 2 types of outdoor parking; - 2 types of outdoor parking;
- 2 types of outdoor parking;
- Brick flooring;
- Parquet floors in bedrooms, living rooms;
- Washer/dryer entrances/exits in each unit;
- Electric heating tenants for each unit;
- Living room of 5 ½: 18'.6 ```` X 10.3``;
- Large bedroom of 5 ½: 13'.11";
- Large bedroom of 5 ½: 13'.11" X 8'.10`. `;
- Third bedroom of 5 ½: 11`.11`` X 8`.3``;
- Living room under- 370 square foot floor: 20`.4 ``X 18`.3``;



The three (3) 5 ½ units are all with three closed bedrooms, the two largest of which are located at the rear. All 5 ½ have a front and rear balcony. For the (3) 3 ½ units, there is a large closed bedroom at the back but also, a fourth room closed as a closed laundry room. Very bright, each unit has the advantage of having large windows and a patio door for the living room offering a breathtaking view of the woods. There are no units in the basement. Heating is electric, at the expense of the occupants for the apartments except for the garages and rooms. The tenants are respectful and stable, they have been chosen with care. Some of them have lived there for several years.

Immaculate property, over the years, good maintenance and significant and constant renovations have been carried out such as the complete windows of all the homes, exterior doors, fiberglass balconies and aluminum railings, buzzer system with intercom, all electrical panels, plumbing, masonry, renovated bathrooms in some units, a few renovated kitchens, fresh floors Sandblasted in several homes, etc. Turnkey, nothing to do.

COMPETITIVE price at $795,000.



INCOME AND EXPENSES


Rent: $57,000 rounded;

- 2012 municipal and school taxes 2011: $6,815
- Insurance: $1,706
- Hydro-Québec: $1,247
- Snow removal: $307
- Maintenance: $2,500

Total expenses $12,575 Net


income before financing: $44,425 or $3,700/month


For a homeowner occupying or investor: A down payment of $120,000 is required. Not only will the income be sufficient to pay your monthly mortgage payments and the entire expenses, but in addition, you will get an annual net income of nearly $12,000, plus $14,600 to capitalize your mortgage, for a total of more than $25,000, representing a return of over 20% per year on your invested capital in the first year for an investor. This return is calculated on a mortgage financing of $675,000, at a rate of 2.79% per year, including monthly mortgage payments of $2,760. In addition, such a debt coverage ratio (RCD) will meet the requirements of mortgage lenders.


A PENSION FUND IS ON THE HORIZON

This is a record for 60 years, with the magic of historically low mortgage rates, this purchase is a unique opportunity for you for an unparalleled real estate investment that may not last very long. In addition, the rent prices for some units leave room for an increase in additional income in the short term. Thus, you will build up the equivalent of a pension fund over the years with this type of investment that is safe and much more enviable than the poor performance of the stock market.

For Non-Occupant buyers, the visit to this multi-unit housing may be carried out following an accepted promise to purchase.

All information posted or referred to is believed to be reliable, however, its accuracy is not guaranteed and should be independently verified. No warranty or representation of any kind is given as to the accuracy of this information. This announcement cannot or will not constitute in any way a promise to sell that may bind the seller but rather an invitation to formulate or submit an offer or promise to buy.

Excluded from the sale are five (5) water heaters for rent belonging to Hydro-Solution, lamps and furniture belonging to the tenants, if applicable. No legal warranty on the alarm and intercom system.


REAL ESTATE BROKERS: If you have a qualified buyer, only a non-exclusive mandate may be granted to you under certain conditions. The owner-seller keeps the registration, listing on MLS is not required.


Have a good virtual tour




Complete Description
Complete Description

Property features

Style
Semi-detached
Year of construction
1970
Building dimensions
46x41 ft (14.02x12.50 m)
General condition
Excellent
Occupation rate
100
Certificate of Location
Yes
Number of parkings
2
Municipal evaluation's date
2012
Building's municipal evaluation
$533,633
Taxes year
2012
1 Bedroom
3
3 Bedroom
3

External facing:

  • Brick

Foundation:

  • Cast concrete

Frame:

  • Wooden part on part

Roof:

  • Gravel and asphalt

Floor coverings:

  • Ceramic
  • Linoleum
  • Parquet

Windows:

  • Aluminium

Heating source:

  • Electric

Electric system:

  • 100 amps
  • 200 amps

Basement:

  • Partially finished

Upgrades:

  • Cabinets
  • Kitchen
  • Electrical
  • Windows
  • External facing
  • Floors
  • Plumbing
  • Doors
  • Bathrooms
  • Painting

Garage:

  • Heated
  • Double

Parking / Driveway:

  • Asphalt
  • Outside

Location:

  • Highway access
  • Near park
  • Residential area
  • Public transportation

Lot description:

  • Panoramic view
  • Mature trees

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center
  • Bar

Near Health Services:

  • Hospital
  • Dentist
  • Medical center

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School
  • College

Near Recreational Service:

  • Golf course
  • Gym
  • Sportif center
  • Library
  • Bicycle Path

Complete list of property features

6 units or more

Mercier / Hochelaga / Maisonneuve Montréal / l'Île

No. 334665

$$$$,$$$
I sold !

Seller’s testimonial:

Daniel saved more than $45,000*

Vendu au prix demandé !

Read more testimonials

* When compared to an average commission of 5%, rounded down to the nearest thousand.

Sell commission-free like this homeowner!

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