Parc-Extension Gem! Located steps from the new MIL Campus and Acadie & Parc Metros, this expansive 8plex boasts spacious units: 3x5.5, 4x4.5, and 1x2.5. With revenues of 122,000$/yr and minimal expenses of 17K, tenants cover heat and hot water costs. This property has been well maintained, reflecting pride of ownership. 5 out of 8 units feature updated kitchens and bathrooms. In 2010, the basement apartments underwent a complete transformation with an interior French drain. Notable upgrades include a 2012 roof and front balcony floors replacement, along with 9 new electrical panels in 2010. Exceptional investment opportunity!
50' X 40'
1966
6,000 SF
Aluminum
Sliding
Asphalt and gravel
Tandem
Wood
Wood
Location: Prime spot in Parc-Extension, steps away from the new MIL Campus and Acadie Metro.
Unit Composition: 3x5.5, 4x4.5, and 1x2.5 spacious and well-designed units.
Impressive Income: Generates over 114K/yr in revenues with minimal expenses of 17K.
Tenant Benefits: Tenants cover heat and hot water costs, enhancing convenience.
Maintenance: Meticulously maintained property exhibiting pride of ownership.
Upgrades: 5 out of 8 units feature renovated kitchens and bathrooms.
Basement Transformation: Fully redone in 2010 with a French drain installation.
Major Replacements: Roof, front balconies (2012), new electrical panel in 2010, and copper plumbing updates.
Convenience: Walking distance to amenities and public transit.
Investment Security: All leases extend through 2024; one unit currently owner-occupied.
This property presents an exceptional investment opportunity in a thriving location with remarkable income potential and strong tenant benefits.
Conventional Loan: Approximately $850,000 (amortization over 25 years).
Standard CMHC Loan: Approximately $1,000,000 (amortization over 30 years, possibly 35years).
CMHC APH Select Loan: Approximately $1,300,000 (amortization over 40 years). However, it's necessary to adhere to the conditions of the MLI Select product. Units 1-2-7-8 will need to increase rents according to TAL standards (a 10-year commitment).
** These calculations are based on the provided information and prevailing rates at the current date. The amount may vary depending on the date of application submission and the appraisal.
50' X 40'
1966
6,000 SF
Aluminum
Sliding
Asphalt and gravel
Tandem
Wood
Wood
50' X 69'
3,497 SF
Fenced
Asphalt
Driveway : 1 , Garage : 2
Highway , CEGEP , Daycare centre , Hospital , Metro , Park , Bicycle path , Elementary school , High school , Cross-country skiing , Commuter train , Public transportation , University
Residential
Electric baseboard units
Electricity
Municipality
Municipality
8 hot water tanks.
Not specified
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RE/MAX DU CARTIER | 1257 boul. Laird, Mont-Royal, Québec, H3P 2S9
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