$1,599,900
ULS: 16893346
8-15-Plex for sale - Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension)
645 Rue St-Roch, Montréal (Villeray/Saint-Michel/Parc-Extension) (Parc-Extension)
Clean, well maintained and well managed eight unit apartment building in an unbeatable location of Park-Ex just steps from all services, amenities and transportation making it the ideal investment opportunity that will always have a low vacancy rate. This property not only offers exponential room for growth in revenues through units and parking but also a slew of opportunities through municipal transformations that can be done to the building to convert to commercial, extend the building (at the back) and so much more! If you are looking for a safe and diverse investment opportunity, here she is!
Sale without legal warranty of quality, at the buyer's risk and peril.
Property features
2
Bedrooms
1
Bathroom
MARCO MORANELLI
Residential and Commercial Real Estate Broker
RE/MAX ALLIANCE INC.
Addendum
645 St-Roch | 8 Units in Park Extension
Unit Types:
Unit 1 = 4 1/2 | $640 | BSMT Floor
Unit 2 = 4 1/2 | $950 | 1st Floor
Unit 3 = 3 ½ | $650 | 1st Floor
Unit 4 = 4 ½ | $1000 | 2nd Floor
Unit 5 = 4 ½ | $970 | 2nd Floor
Unit 6 = 4 ½ | $660 | 3rd Floor
Unit 7 = 4 1/2 | $546 | 3rd Floor
Unit 8 = 2 1/2 | $700 | BSMT Floor
This clean, well managed and extremely well located eight unit building could be exactly what you've been looking for! Offering a stable effective revenue with good quality tenants, this property not only offers a large growth in PGI, but a magnitude of different opportunities such as converting the basement level to commercial (to be verified by the purchaser) or extending the back of the building (to be verified by the purchaser). If you've been looking to get your hands on a property in this neighbourhood, this may just be one of the best available on the market today!
Buying an investment opportunity in this neighbourhood is not just for the cash flow or the numbers. If you've been shopping in this neighbourhood it is because you are looking to own a little piece of your history. This unbeatable location near religious establishments, pastry shops, metro stations, shopping malls and so much more will never lose value as these types of properties are simply not built anymore. With a little elbow grease, a lot of heart and motivation, you can make this eight unit your cash cow!
*Note that there are 8 apartments, however the municipality recognizes 7 legitimate addresses. There are 8 electrical panels and 8 hot water tanks. The buyer acknowledges this declaration, and is responsible to do his/her own verifications with the municipality.
Unit Types:
Unit 1 = 4 1/2 | $640 | BSMT Floor
Unit 2 = 4 1/2 | $950 | 1st Floor
Unit 3 = 3 ½ | $650 | 1st Floor
Unit 4 = 4 ½ | $1000 | 2nd Floor
Unit 5 = 4 ½ | $970 | 2nd Floor
Unit 6 = 4 ½ | $660 | 3rd Floor
Unit 7 = 4 1/2 | $546 | 3rd Floor
Unit 8 = 2 1/2 | $700 | BSMT Floor
This clean, well managed and extremely well located eight unit building could be exactly what you've been looking for! Offering a stable effective revenue with good quality tenants, this property not only offers a large growth in PGI, but a magnitude of different opportunities such as converting the basement level to commercial (to be verified by the purchaser) or extending the back of the building (to be verified by the purchaser). If you've been looking to get your hands on a property in this neighbourhood, this may just be one of the best available on the market today!
Buying an investment opportunity in this neighbourhood is not just for the cash flow or the numbers. If you've been shopping in this neighbourhood it is because you are looking to own a little piece of your history. This unbeatable location near religious establishments, pastry shops, metro stations, shopping malls and so much more will never lose value as these types of properties are simply not built anymore. With a little elbow grease, a lot of heart and motivation, you can make this eight unit your cash cow!
*Note that there are 8 apartments, however the municipality recognizes 7 legitimate addresses. There are 8 electrical panels and 8 hot water tanks. The buyer acknowledges this declaration, and is responsible to do his/her own verifications with the municipality.
Building details and property interior
Dimensions
43' X 42' 1"
Year constructed
1963
Windows
PVC
Window Type
Sliding
Siding
Brick
Roofing
Asphalt and gravel
Dividing Floor
Wood
Kitchen Cabinets
Melamine, Wood
Basement
6 feet and more, Finished basement
Lot and exterior features
Lot size
43' X 88'
Lot area
3,784 ft²
Topography
Flat
Driveway
Asphalt
Parking (total)
Driveway (4)
Proximity
CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, Réseau Express Métropolitain (REM), High school, Commuter train, Public transportation, University, Highway, Groceries, Pharmacies, Restaurants
Characteristics
Heating System
Hot water, Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 351,500
- Building assessment
- $ 1,191,300
- Total
- $ 1,542,800
Taxes
- Municipal (2024)
- $ 9,745
- School (2024)
- $ 1,666
- Total
- $ 11,411
Annual expenses
- Insurance
- $ 7,574
- Other
- $ 1,291
- Total
- $ 8,865
Energy expenses
- Electricity
- $ 7,338
- Total
- $ 7,338
Gross annual revenues (potential)
- Residential
- $ 73,392
- Parking
- $ 4,800
- Total
- $ 78,192
Inclusions and exclusions
Inclusions
8x stove huts, 8x hot water tanks (7 rented), wall mounted A/C (unit 2)
Exclusions
All tenants / vendors personal belongings
Mortgage payment calculator
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