5 bedrooms
3 bathrooms
Lot dimensions 1 805 ft² (167.69 m²)

Owners’ comments

Automated translation

Semi-detached triplex for sale on 29th Avenue in Montreal.

Address: 6550, 6552 and 6554.

Two 4 1/2 and one 3 1/2 (half basement).


The 3 1/2 is free since July and would require some minor renovations (cracked ceramic, painting). Former tenants have been there for more than 40 years. We chose to leave it vacant to give more options to the next owner. But, very easy to rent and good stability of tenants.


The 4 1/2 have a closed bedroom and a double living room with a door.


Renovations from 2015 to 2019 in both 4 1/2:

- Flooring

- Full bathroom

- Kitchen counter

Inspection of the roof in 2018 by experts. Still good at least 15 years.

Electric

heating and hot water assumed by the tenants.


Income : $23,220/year with good possibility of rent increase.

Peaceful
area and very easy to rent. Close to all services (bus, daycare, pharmacy, etc.).

Very nice investment opportunity.


Sold without legal warranty.

** For more photos, send an email request to sarah_hillel@hotmail.com.

Complete Description
Complete Description

Property features

Asking Price
$445,000
Details
With income
Year of construction
1954
Building dimensions
792 ft² (73.58 m²)
Occupation rate
66
Certificate of Location
Yes
Courtyard orientation
South-West
Municipal evaluation's date
2019
Building's municipal evaluation
$394,400
1 Bedroom
1
2 Bedroom
2
Bedrooms (total)
5

External facing:

  • Brick

Roof:

  • Gravel and asphalt

Floor coverings:

  • Laminate
  • Ceramic
  • Linoleum
  • Carpet

Heating source:

  • Electric

Electric system:

  • Breakers panel

Bathroom:

  • Bath and shower

Upgrades:

  • Kitchen
  • Floors
  • Bathrooms
  • Painting

Location:

  • Public transportation

Lot description:

  • Flat geography
  • Fenced

Near Commerce:

  • Drugstore
  • Restaurant

Near Health Services:

  • Dentist

Near Educational Services:

  • Daycare

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Open concept
Storey: 1st floor
Dimensions: 22' x 36' (6,71 m x 10,97 m)
Flooring: Laminate

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Mortgage
School taxes
$54.33
$652.00
Municipal taxes
$282.08
$3,385.00
Insurance
$85.33
$1,024.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$1,935.00
$23,220.00

Property transfer duties

In Quebec, the property transfer duties is a tax that all municipalities must collect from the new owner (buyer) of a property.

$

How to buy this property

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Whether you purchase a property from a homeowner or from a broker, the steps involved and the legal implications are the same. You’ll see that buying without an intermediary has many advantages!

Can I afford to buy this property?

Prior to visiting a property, you should verify whether you have the means to purchase it by meeting with a financial advisor. Don’t forget, you must have enough money to cover both a down payment and the expenses related to the transaction (notary, property transfer duties, etc.).

Is this property right for me?

Consult the listing to determine whether the property features meet your needs. If necessary, communicate with the homeowner to obtain additional information. You may then make an appointment with the homeowner for a visit and prepare a list of questions to ask him.

Do I need to conduct a property inspection?

Verifying the condition of the property prior to purchasing it is a good precaution to take. In order to do so, you can hire a home inspector. He will intervene at a later date. Be prepared to add the inspection conditions to the offer to purchase.

How much should I offer?

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FBD300AC-7746-4E68-A20C-3F23471BB772
How do I proceed with an offer to purchase?

Have a discussion with the homeowner in order to come to an agreement on the price, the conditions of the sale and the possession date. You can then complete the offer to purchase form.

Thanks to DuProprio, the seller benefits from a legal assistance service and can ask their legal questions in order to properly complete the document.

The sale will be sealed with a notary, but until then, nothing prevents you from consulting a notary to write-up an offer to purchase. Once the deed of sale is drafted, you will be the new homeowner!

Documents - Offer to purchase and counteroffer

$445,000

Triplex for sale

No. 867834

With income
Contact the owner
Contact the owner