Investment Opportunity in Montreal, Villeray: Exceptional triplex building with quadruplex potential! Prime location near Parc Jarry. Well-maintained property, unique design, and recent renovations. Gross potential revenues 78 600$ Versatility with a furnished basement. Don't miss this chance to own a lucrative property in a sought-after neighborhood of Montreal.
Exceptional Investment Opportunity in Montreal, Villeray!
Welcome to 8127-8131 Casgrain Avenue, an exceptional investment opportunity in Montreal. This triplex building offers the potential for a fourth apartment in a prime location, within walking distance of Parc Jarry and all city amenities.
This impeccably maintained property boasts a unique architectural design and ongoing renovations that keep it up-to-date. With its double garage and strategic location, it represents a rarity in the real estate market.
On the ground floor, you'll find a spacious apartment with three bedrooms, two bathrooms providing comfortable living space for a family. Two additional two-bedroom apartments complete the building. The basement, fully furnished with an open concept, a large full bathroom, and a bedroom, has its own exterior entrance, offering remarkable versatility of use.
The location of this property is ideal for investors or owner-occupiers. It offers the potential to generate gross revenues of $78 600 per year, while also providing the flexibility to create an intergenerational unit in the basement for those looking to accommodate aging parents or children.
Don't miss this opportunity to own a versatile and lucrative property in one of Montreal's most sought-after neighborhoods. Schedule your visit today and discover the full potential that this exceptional property has to offer.
Building details and property interior
Dimensions
34' X 48' irr.
Year constructed
1934
Roofing
Asphalt and gravel
Garage
Double width or more
Basement
6 feet and more, Finished basement
Renovations
Roof covering (2024)
Lot and exterior features
Lot size
40' X 95'
Lot area
353 m²
Parking (total)
Garage (2)
Proximity
CEGEP, Daycare centre, Metro, Park, Highway, Elementary school, High school, Public transportation, Bicycle path
Characteristics
Heating Energy
Electricity
Property or unit amenity
Central vacuum cleaner system installation
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
Lot assessment
$ 529,500
Building assessment
$ 574,300
Total
$ 1,103,800
Taxes
Municipal
(2024)
$ 7,226
School
(2024)
$ 916
Total
$ 8,142
Gross annual revenues (potential)
Residential
$ 78,600
Total
$ 78,600
Inclusions and exclusions
Inclusions
Stoves, refrigerators, dishwashers, washers, and dryers are available in unit 8131 on the ground floor as well as in the basement.