$1,525,000
ULS: 26264919
Quadruplex for sale - Montréal (Ville-Marie) (Centre)
2267 - 2269 Rue D'Iberville, Montréal (Ville-Marie) (Centre)
Modern, impeccably renovated quadruplex in 2022, offering a unique opportunity for both investors and owner-occupiers. Located on two floors, this four-unit building is currently rented by the month. Gross revenues of over $114,000 per year!
Sale without legal warranty of quality, at the buyer's risk and peril.
Living area
1,760 ft²
Property features
3
Bedrooms
1
Bathroom
Addendum
Modern, impeccably renovated quadruplex in 2022, offering a unique opportunity for both investors and owner-occupiers. Located on two floors, this four-unit building is currently rented by the month. Gross revenues of over $114,000 per year!
- 2267 and 2269A: Each with 3 bedrooms and a bathroom, offering generous, comfortable space for families or roommates.
- 2267A: Bright and inviting, with 1 bedroom and 1 bathroom, ideal for a couple or a professional.
- 2269: With 2 bedrooms and a bathroom, it combines comfort and functionality.
- Recent renovation in 2022: Modern materials and quality finishes. Supporting invoices, photos and permits.
- Stable rental income: All units are furnished and rented by the month.
- Attractive location: Ideal for maximizing rental opportunities.
- Complete renovations in 2022: Plumbing, electrical, insulation, kitchen, bathroom, flooring, roof, windows, and much more.
Calculations for investors:
Price: $1,525,000
Down payment: $305,000 (20%)
Interest rate: 4.69%
Amortization: 30 years
Mortgage payment: $6,273/month
Property taxes (municipal + school): $284/month
Building insurance: $200/month
Rental income: $9,550/month
Therefore, $9,550 - $6,273 - $284 - $200 = $2,793/month cash flow
If rate falls to 4.49% then cash flow of $2,940/month.
If rate falls to 3.99%, then cash flow of $3,298/month.
If rate falls to 3.49%, then cash flow of $3,645/month.
- 2267 and 2269A: Each with 3 bedrooms and a bathroom, offering generous, comfortable space for families or roommates.
- 2267A: Bright and inviting, with 1 bedroom and 1 bathroom, ideal for a couple or a professional.
- 2269: With 2 bedrooms and a bathroom, it combines comfort and functionality.
- Recent renovation in 2022: Modern materials and quality finishes. Supporting invoices, photos and permits.
- Stable rental income: All units are furnished and rented by the month.
- Attractive location: Ideal for maximizing rental opportunities.
- Complete renovations in 2022: Plumbing, electrical, insulation, kitchen, bathroom, flooring, roof, windows, and much more.
Calculations for investors:
Price: $1,525,000
Down payment: $305,000 (20%)
Interest rate: 4.69%
Amortization: 30 years
Mortgage payment: $6,273/month
Property taxes (municipal + school): $284/month
Building insurance: $200/month
Rental income: $9,550/month
Therefore, $9,550 - $6,273 - $284 - $200 = $2,793/month cash flow
If rate falls to 4.49% then cash flow of $2,940/month.
If rate falls to 3.99%, then cash flow of $3,298/month.
If rate falls to 3.49%, then cash flow of $3,645/month.
Building details and property interior
Dimensions
22' X 80' irr.
Year constructed
Unknown
Living area
1,760 ft²
Roofing
Elastomeric membrane
Basement
6 feet and more
Renovations
Electricity (2022), Fenestration (2022), Floor (2022), Heating (2022), Roof covering (2022), Bathroom (2022), Plumbing (2022), Kitchen (2022)
Lot and exterior features
Proximity
CEGEP, Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Public transportation, University
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Property or unit amenity
Wall-mounted heat pump
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2021)
- Lot assessment
- $ 212,600
- Building assessment
- $ 787,400
- Total
- $ 1,000,000
Taxes
- Municipal (2024)
- $ 2,904
- School (2024)
- $ 503
- Total
- $ 3,407
Gross annual revenues (potential)
- Residential
- $ 114,600
- Total
- $ 114,600
Inclusions and exclusions
Exclusions
Appliances and furniture (negotiable)
Mortgage payment calculator
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