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!
43' X 42'1"
1963
PVC
Sliding
Poured concrete
Brick
Asphalt and gravel
Concrete , Wood , Ceramic , Linoleum , Parquetry
Wood
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.
43' X 42'1"
1963
PVC
Sliding
Poured concrete
Brick
Asphalt and gravel
Concrete , Wood , Ceramic , Linoleum , Parquetry
Wood
43' X 88'
3,784 SF
Fenced , Landscaped
Flat
Asphalt
Driveway : 4
Groceries, Pharmacies, Restaurants , Highway , CEGEP , Daycare centre , Hospital , Metro , Park , Bicycle path , Elementary school , Réseau Express Métropolitain (REM) , High school , Commuter train , Public transportation , University
Residential
Hot water , Electric baseboard units
Electricity
Municipality
Municipality
8x stove huts, 8x hot water tanks (7 rented), wall mounted A/C (unit 2)
All tenants / vendors personal belongings
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RE/MAX ALLIANCE | 4865 rue Jarry Est, Montréal (Saint-Léonard), Québec, H1R 1Y1
Hello, my name is MARCO MORANELLI INC., real estate broker. Contact me for more information.
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