$750,000 +GST/QST
ULS: 24393534
Quadruplex for sale - Montréal (Lachine) (Est)
3105 - 3135 Rue Notre-Dame, Montréal (Lachine) (East)
Investment Opportunity! Explore the appeal of this semi-commercial quadruplex. Tucked away without rear neighbors, this property offers a pleasant partial water view. It is conveniently located just steps from the waterfront and a picturesque cycling path that provides a scenic route leading you all the way to Ste-Anne-de-Bellevue, all the while offering captivating views of the water. It features two ground-level storefronts, a well-established restaurant, a long-standing hairdressing salon in operation since 1990 and upstairs, there are two spacious 3 1/2 units. The restaurant received a modern update in 2019, creating a contemporary and...
Sale without legal warranty of quality, at the buyer's risk and peril.
Property features
1
Bedroom
1
Bathroom
NADIA CIANCOTTI
Certified real estate broker
RE/MAX ACTION INC.
MASSIMO MANCINI
Residential Real Estate Broker
RE/MAX ACTION INC.
Addendum
inviting atmosphere. The residential units have been well-maintained, housing reliable tenants, and have underwent thoughtful updates in 2005. Prioritizing convenience, the property also offers parking for up to six vehicles at the back of the building.
Currently generating a total revenue of $44,700.00, this property holds substantial growth potential.
Please note -any Offer to Purchase is subject to discussions and the approval of a proposed lease for the hair salon, making it an integral part of the transaction. The seller is reasonable and is open to flexible lease discussions.
Apartment 3125 is currently under a 3-year lease until June 30th, 2026, with a rent increase to $760/month starting from July 1st, 2024, and further increasing to $780 as of July 1st, 2025.
Starting January 1st, 2025, the lease for the restaurant will be adjusted to reflect the current market value. Since its opening, the restaurant owner has benefited from an agreement with the building owner regarding the costs of renovations.
Don't miss out on this unique investment opportunity!
Currently generating a total revenue of $44,700.00, this property holds substantial growth potential.
Please note -any Offer to Purchase is subject to discussions and the approval of a proposed lease for the hair salon, making it an integral part of the transaction. The seller is reasonable and is open to flexible lease discussions.
Apartment 3125 is currently under a 3-year lease until June 30th, 2026, with a rent increase to $760/month starting from July 1st, 2024, and further increasing to $780 as of July 1st, 2025.
Starting January 1st, 2025, the lease for the restaurant will be adjusted to reflect the current market value. Since its opening, the restaurant owner has benefited from an agreement with the building owner regarding the costs of renovations.
Don't miss out on this unique investment opportunity!
Building details and property interior
Dimensions
49' 8" X 66' 1" irr.
Year constructed
1957
Window Type
Sliding, Guillotine
Siding
Concrete, Vinyl, Brick, Aluminum
Roofing
Asphalt and gravel
Kitchen Cabinets
Melamine
Basement
Crawl space, Unfinished, Low (less than 6 feet)
Lot and exterior features
Lot size
90' 1" X 85' 5" irr.
Lot area
346.30 m²
Topography
Flat
Distinctive Features
No rear neighbours
Driveway
Asphalt, Double width or more
Parking (total)
Driveway (6)
Proximity
Golf, Hospital, Park, Bicycle path, Elementary school, High school, Public transportation, Daycare centre, Highway
Room details
Unit 1 (Monthly residential revenue)
Living room
Level:
2nd level
Dimensions:
11'2" X 14'7"
Flooring:
Wood
Details:
Strip Wood
Kitchen
Level:
2nd level
Dimensions:
8'2" X 15'0"
Flooring:
Ceramic
Details:
Primary bedroom
Level:
2nd level
Dimensions:
10'4" X 11'3"
Flooring:
Wood
Details:
Strip Wood
Unit 2 (Monthly residential revenue)
Living room
Level:
2nd level
Dimensions:
11'7" X 18'7"
Flooring:
Wood
Details:
Strip Wood
Kitchen
Level:
2nd level
Dimensions:
14'7" X 11'7"
Flooring:
Ceramic
Details:
Primary bedroom
Level:
2nd level
Dimensions:
11'8" X 13'5"
Flooring:
Wood
Details:
Strip Wood
Bathroom
Level:
2nd level
Dimensions:
5'10" X 10'4"
Flooring:
Ceramic
Details:
Unit 3 (Commercial)
Rooms not detailed
Unit 4 (Commercial)
Rooms not detailed
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Property or unit amenity
Wall-mounted air conditioning
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2023)
- Lot assessment
- $ 115,000
- Building assessment
- $ 491,300
- Total
- $ 606,300
Taxes
- Municipal (2024)
- $ 8,390
- School (2024)
- $ 492
- Total
- $ 8,882
Annual expenses
- Insurance
- $ 6,213
- Total
- $ 6,213
Gross annual revenues (potential)
- Residential
- $ 19,680
- Commercial
- $ 25,020
- Total
- $ 44,700
Inclusions and exclusions
Inclusions
Wall Mounted A/C, 5 Hot Water Tanks
Exclusions
Equipment of Hair Salon and Restaurant, Personal effects of Tenants
Mortgage payment calculator
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