3 995 000 $
 

MLS: 28680604

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.

Specifications
  • Living Area
    13487.66 sq ft
  • Year Built
    1947
  • Bedrooms
    2
  • Bathrooms
    1
  • Powder Rooms
    0
  • Landscaping
    Landscape
  • Heating system
    Hot water
  • Water supply
    Municipality
  • Heating energy
    Natural gas
  • Foundation
    Poured concrete
  • Garage
    Fitted ,
    Single width
  • Proximity
    Other ,
    Highway ,
    Cegep ,
    Hospital ,
    Park - green area ,
    Elementary school ,
    High school ,
    Public transport ,
    University ,
    Bicycle path ,
  • Parking
    Garage (7)
  • Sewage system
    Municipal sewer
  • Zoning
    Residential
  • Roofing
    Asphalt and gravel
  • Insurance
    7 868 $
  • Caretaking
    7 200 $
  • Energy cost
    20 984 $
  • Municipal Taxes
    18 608 $ (2023)
  • School taxes
    2 491 $ (2023)
  • Janitor
    7 200 $
    Characteristics
    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.

    To Marie-Yvonne Paint and her team, this letter is to express my gratitude to Marie-Yvonne Paint and...
    Eli Ghanime Montreal, QC