The property comprises three large 5½-room apartments. The basement also contains a bachelor-style space featuring a full kitchen, a full bathroom, access to the backyard, and a one-car garage. However, according to the City's property assessment roll, the building is currently recognized as a triplex.
According to the zoning information obtained, use categories H.2, H.3, and H.4 apply, and the zone may permit a maximum of eight dwelling units. The City has also provided the applicable by-law and procedures for submitting a conditional-use application for a rooming house.
This information may represent an attractive opportunity for redevelopment. However, no guarantee is made regarding the possibility of creating a fourth dwelling unit or converting the property into a rooming house. Any proposed project must be independently verified with the borough and will be subject to obtaining all required municipal authorizations, permits, and approvals.
The building is equipped with three electrical meters, located at the rear of the property, as well as three hot-water tanks dated 2011, 2014, and 2015, all located in the basement. The finished basement space is currently connected to the same electrical meter as one of the three recognized apartments.
The tenants are responsible for the electricity and hot-water costs for their respective apartments, while the owner provides the heating, which is powered by natural gas.
The three apartments on the upper floors are truly spacious 5½-room units. They feature well-sized bedrooms, large kitchens with dining areas, and double living rooms. Photographs of two of the three apartments are available.
Improvements completed by the owners in recent years include:
Roof replacement;
Window replacement;
Balcony-door replacement;
Updated the front balconies on the second and third floors; and
Updates of the rear balconies and railings.
This is a rare opportunity to acquire a distinguished property in an exceptional location. The current rents offer excellent potential for optimization in the future, while the three large 5½-room apartments provide a solid and highly desirable unit types.
For further information, please contact Mikael Kurkdjian directly at [email protected].
Please note: No certificate of location is currently available. Consequently, the building measurements provided were obtained from the City's property assessment records, while the apartment dimensions were taken from plans prepared using CubiCasa. These measurements may not be entirely accurate and are provided for informational purposes only.