One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.
5196-5202-5204, rue Rivard Le Plateau-Mont-Royal Montréal / l'Île
No. 1081851
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NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.
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The steps involved in buying a property
Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.
The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.
Need the form?
The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.
The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.
Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!
See our All about buying section.
Owners’ comments
Typical Plateau triplex, featuring three 4 1/2 units, well-maintained over the years. Unbeatable location, just 60 seconds on foot from Laurier Metro and within a short walk of everything you need: supermarkets, cafes, parks, convenience stores, and a variety of restaurants, including some of Montreal's most iconic spots.
The property has seen numerous renovations over the years, including a new roof in 2015, and updated balconies and staircases in 2016. Two of the units have also been recently renovated in 2023-24.
With current rents of $1,080, $1,090, and $1,300, there is significant potential for rent optimization.
A rare find in the neighborhood, perfect for investors or owner-occupiers looking for a prime location and growth potential.