$1,799,000
8 PLEX for sale - Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension)
$1,799,000
$1,799,000
8 PLEX for sale - Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension)
$1,799,000
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7560 Rue Birnam, Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension), H3N 2T2
Parc-Extension Gem! Located steps from the new MIL Campus and Acadie & Parc Metros, this expansive 8plex boasts spacious units: 3x5.5, 4x4.5, and 1x2.5. With revenues of 122,000$/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!
-
Lot area:
3,497 SF - NUMBER OF ROOMS : 0
- Year built : 1966
Building details and property interior
50' X 40'
1966
6,000 SF
Aluminum
Sliding
Asphalt and gravel
Tandem
Wood
Wood
Addenda
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.
Building details and property interior
50' X 40'
1966
6,000 SF
Aluminum
Sliding
Asphalt and gravel
Tandem
Wood
Wood
Lot and exterior features
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
Characteristics
Electric baseboard units
Electricity
Municipality
Municipality
Included & Excluded
8 hot water tanks.
Not specified
Financial details
Assessment (2021)
Taxes
- (2024)
- (2023)
Gross yearly revenu (potential)
Annual Expenses
Energy
NEIGHBOURHOOD STATISTICS
-
20.9%
-
25.7%
-
4.2%
-
12.2%
-
37.0%
-
36.7%
-
3.7%
-
13.5%
-
28.6%
-
17.5%
MORTGAGE PAYMENTS CALCULATOR
- These online tools were created to help you plan and achieve your goals, and to answer your housing questions. They are for personal use only.
- The results are based on the information you enter. Please contact your caisse advisor for more specific advice, for if you would like to apply for a loan or pre-approval.
-
Calculations are made using the following basic assumptions:
- The mortgage interest rate stays the same throughout the amortization period.
- The results of this calculator are estimates based on the general information you’ve entered. They can change depending on your financial situation and budget when the loan is granted.
- Note: This tool is intended to help you calculate and optimize your payments on a current mortgage loan, or one you are considering. These rates do not include any life or disability insurance. They are subject to change without notice. Some conditions apply.
Financial details
Assessment (2021)
Taxes
- (2024)
- (2023)
Gross yearly revenu (potential)
Annual Expenses
Energy
My name is SPYROS DOURAKIS, RE/MAX real estate broker. How may I help you?
Do you have a question?
SPYROS DOURAKIS
RE/MAX DU CARTIER | 1257 boul. Laird, Mont-Royal, Québec, H3P 2S9
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- Fax : 514-731-8998
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- These online tools were created to help you plan and achieve your goals, and to answer your housing questions. They are for personal use only.
- The results are based on the information you enter. Please contact your caisse advisor for more specific advice, for if you would like to apply for a loan or pre-approval.
-
Calculations are made using the following basic assumptions:
- The mortgage interest rate stays the same throughout the amortization period.
- The results of this calculator are estimates based on the general information you’ve entered. They can change depending on your financial situation and budget when the loan is granted.
- Note: This tool is intended to help you calculate and optimize your payments on a current mortgage loan, or one you are considering. These rates do not include any life or disability insurance. They are subject to change without notice. Some conditions apply.
