$1,849,000
ULS: 20524009
Quadruplex for sale - Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)
5060 - 5064 Av. Papineau, Montréal (Le Plateau-Mont-Royal) (Le Plateau-Mont-Royal)
Ideally located in the dynamic Plateau district of Montreal, this renovated 4plex offers an exceptional investment opportunity with an annual gross revenue of $159,000. With three luxury residential units and quality commercial space, recent renovations ensure solid returns and reduced maintenance. This property combines European charm and modern urbanity, representing a smart investment in one of the city's most sought-after neighborhoods.
Living area
4,954.70 ft²
Property features
3
Bedrooms
2
Bathrooms
RAFFAELE TRAGLIA
Certified real estate broker
RE/MAX ALLIANCE INC.
ALESSANDRO BORIONI
Residential Real Estate Broker
RE/MAX ALLIANCE INC.
Addendum
Strategically located in the heart of Montreal's Plateau district, this meticulously renovated 4plex represents an exceptional investment opportunity. An impressive 159 000$/year of gross revenue! With three luxury recently renovated residential units and a quality commercial space, this property promises solid returns in one of the city's most dynamic neighbourhoods.
Investment highlights :
Optimized income: This property is not just a real estate asset, it's also a high-yield income generator. With three residential units and one commercial space, the diversity of income streams is a given.
Take advantage of major recent renovations between 2022 and 2023. No detail has been overlooked, from top-notch plumbing and electrical work to sleek, modern kitchens. Redone common areas. Enjoy the reassurance of a newly redone roof (2021) and the safety and aesthetic appeal of modernized railings, both installed in 2021.
Le Plateau-Mont-Royal is known for its blend of European charm and modern urbanity, and this 4plex is a testament to quality of life and smart investment. Whether you want to immerse yourself in the unique rhythm of the Plateau or are looking for a solid addition to your investment portfolio, this property is a treasure waiting to be claimed.
Note:GST/QST payable only on commercial portion.
Investment highlights :
Optimized income: This property is not just a real estate asset, it's also a high-yield income generator. With three residential units and one commercial space, the diversity of income streams is a given.
Take advantage of major recent renovations between 2022 and 2023. No detail has been overlooked, from top-notch plumbing and electrical work to sleek, modern kitchens. Redone common areas. Enjoy the reassurance of a newly redone roof (2021) and the safety and aesthetic appeal of modernized railings, both installed in 2021.
Le Plateau-Mont-Royal is known for its blend of European charm and modern urbanity, and this 4plex is a testament to quality of life and smart investment. Whether you want to immerse yourself in the unique rhythm of the Plateau or are looking for a solid addition to your investment portfolio, this property is a treasure waiting to be claimed.
Note:GST/QST payable only on commercial portion.
Building details and property interior
Dimensions
75' 2" X 25'
Year constructed
1922
Living area
4,954.70 ft²
Roofing
Elastomeric membrane
Dividing Floor
Wood
Garage
Attached
Lot and exterior features
Lot size
118' X 25'
View
View of the mountain
Driveway
Asphalt
Parking (total)
Garage (2)
Proximity
Daycare centre, Hospital, Metro, Park, Bicycle path, Elementary school, High school, Cross-country skiing, Public transportation, University, CEGEP, Highway
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 312,500
- Building assessment
- $ 855,500
- Total
- $ 1,168,000
Taxes
- Municipal (2024)
- $ 15,098
- School (2024)
- $ 815
- Total
- $ 15,913
Annual expenses
- Insurance
- $ 9,754
- Total
- $ 9,754
Gross annual revenues (potential)
- Residential
- $ 68,760
- Commercial
- $ 90,264
- Total
- $ 159,024
Inclusions and exclusions
Mortgage payment calculator
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