Exceptionally affordable investment opportunity in Montreal's Petit Maghreb! This fully rented, detached duplex on a 2534sq ft lot features a 4 ½ and a 6 ½ unit, generating $22,800 annually. Zoned for multiplex, the property boasts a 6ft+ basement and private driveway. Just a 6-minute walk to St. Michel Metro and 2 minutes to the vibrant rue Jean Talon's dining and shops, this property is primed for significant redevelopment. Ideal for savvy investors or future owner-occupants seeking growth in a sought-after location. Lead a vibrant lifestyle in one of Montreal's authentic pedestrian-oriented neighborhoods!
1949
1,525.25 SF
Poured concrete
Asphalt and gravel
Exceptionally affordable investment opportunity! Presenting a fully rented, detached duplex with 6ft+ basement in Montreal's dynamic Petit Maghreb. This property, occupying 2534 sq ft of land, generates $22,800 annually in revenue and allows for multiplex zoning (subject to verification at the municipality). It presents a unique chance for investors, developers, or even future owner-occupants to optimize and expand in a high demand pedestrian-oriented area.
The Building
This duplex comprises two fully occupied units: a comfortable 4 ½ and a spacious 6 ½, both contributing to a consistent rental income. The property includes a private driveway for off-street parking; a premium feature in this bustling neighbourhood. With zoning that supports a transformation upto a 6-plex, the building holds significant redevelopment potential. Investors and developers will find great value in the opportunity to renovate and maximize the building's footprint and profitability.
Location & Investment Potential
Located just a 6-minute walk from the St. Michel Metro Station on the Blue Line, the duplex is nestled in the heart of Petit Maghreb, known for its authentic dining scene and lively Jean Talon Street, lined with cafes, restaurants, and specialty shops. The area's cultural richness and continuous development are prime for real estate investments. The property's proximity to essential amenities and major transportation, combined with the potential for significant building renovations and enhancements, positions it as an opportunity in one of Montreal's unique and evolving real estate market.
Lead a Dynamic Lifestyle in the bustling Petit Maghreb
- 6 minute walk to the St. Michel blue line Metro Station and 2 minutes to the bus stop at the corner of rue Jean Talon
- 6 minute walk to Francois-Perreault Park (includes the Bleu Blanc Rouge Canadiens sponsored exterior hockey rink)
- 15 minute walk to Marché Kim-Phat, Sami Fruits, Super-C
- 30-minute walk to Parc Molson, Cinema Beaubien, the neighbouring cafes and restaurants
- 9 minute car ride to IGA, Maxi, Canadian Tire
- 12 minute drive to Montreal Botanical Garden, Olympic Stadium, Parc Viau
1949
1,525.25 SF
Poured concrete
Asphalt and gravel
29' X 85' Irregular
2,535 SF
Fenced
Flat
Asphalt
Driveway : 1
Highway , CEGEP , Daycare centre , Hospital , Metro , Park , Bicycle path , Elementary school , High school
Residential
Electric baseboard units
Electricity
Municipality
Municipality
n/a
Light fixtures, tenants' personal belongings, 2x rental hot water tanks (hydro solution)
My name is MARCO MORANELLI INC., RE/MAX real estate broker. How may I help you?
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RE/MAX ALLIANCE | 4865 rue Jarry Est, Montréal (Saint-Léonard), Québec, H1R 1Y1
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.
Hello, my name is GERLANDO BARONELLO, real estate broker. Contact me for more information.
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