Buy / Revenue Properties / 4060 Ch. de la Côte-Ste-Catherine
Situated strategically across from the Jewish General Hospital, this 14-plex revenue property offers an exceptional investment opportunity. Its prime location is complemented by its proximity to the metro and public transportation. The property consists of 13 generously sized 4 1/2 units and one spacious studio. 7 indoor parking spaces addresses a key urban challenge and enhances tenant convenience. The inclusion of laundry facilities further adds to the property’s appeal. Market-responsive rent adjustments, area development trends, and the option to upgrade amenities could all contribute to enhanced returns.
- Living Area13487.66 sq ft
- Year Built1947
- Bedrooms2
- Bathrooms1
- Powder Rooms0
- LandscapingLandscape
- Heating systemHot water
- Water supplyMunicipality
- Heating energyNatural gas
- FoundationPoured concrete
- GarageFitted ,Single width
- ProximityOther ,Highway ,Cegep ,Hospital ,Park - green area ,Elementary school ,High school ,Public transport ,University ,Bicycle path ,
- ParkingGarage (7)
- Sewage systemMunicipal sewer
- ZoningResidential
- RoofingAsphalt and gravel
- Insurance7 868 $
- Caretaking7 200 $
- Energy cost20 984 $
- Municipal Taxes18 608 $ (2023)
- School taxes2 491 $ (2023)
- Janitor7 200 $
Inclusions
According to the leases.
Exclusions
All of Lessees' personal belongings, Lessees' furniture and Lessess' appliances.
Addenda
***DESCRIPTION***
+Strategically located across the Jewish General Hospital.
+Steps away from metro station and public transportation.
+The property consists of 13 large 4 1/2 units and one large studio.
+The inclusion of 7 indoor parking spaces is a valuable amenity.
+Laundry facility on site.
+The property is well maintained.
+The current rents are below market value, there is potential to increase rental income.
+Investing in updates or modern amenities could attract higher-paying tenants and justify higher rents.
+Large lot.
+Dettached building.
***DECLARATIONS***
*The choice of inspectors shall be agreed by both parties prior to the inspection.
*All fireplaces need to be verified by the buyer and are sold without any warranty with respect to their compliance with applicable regulations and insurance company requirements.
*All promise to purchase by collaborating brokers must be emailed to the listing broker.
*A 24 hour notice is required prior to each visit.
