4 bedrooms
10 bathrooms
4 half baths
Lot dimensions 6,240 ft² (579.71 m²)

Owners’ comments

Income property for sale. Commercial and residential building which includes 9 apartments, 2 very large commercial units, and 2 warehouses. Located in the heart of the Revitalization project. 2 steps from the entrance to the Jacques-Cartier bridge, pharmacies, parks, food markets, public transport, hospitals, elementary and high schools, and the new Quartier des Lumières, the future Visitation and Emplacement parks.

Possibility of new constructions, zoning 2.

Complete Description
Complete Description

Property features

Asking Price
$3,200,000
Year of construction
1920
Building dimensions
4,620.95 ft² (429.3 m²)
General condition
Standard
Occupation rate
90
Certificate of Location
Yes
Courtyard orientation
North
Municipal evaluation's date
2022
Lot's municipal evaluation
$222,000
Building's municipal evaluation
$681,700
Taxes year
2022
Bachelor
3
Studio
3
1 Bedroom
2
4 Bedroom and more
1
Bedrooms (total)
4
Commerce(s)
2

External facing:

  • Brick

Foundation:

  • Rock

Frame:

  • Steel
  • Wooden part on part

Roof:

  • Gravel and asphalt

Floor coverings:

  • Concrete
  • Hardwood
  • Ceramic
  • Linoleum
  • Parquet

Windows:

  • Aluminium
  • PVC

Heating source:

  • Electric

Electric system:

  • 200 amps
  • Breakers panel

Features:

  • Cold room
  • Main floor laundry

Kitchen:

  • Raised panel maple
  • Wooden cabinets

Bathroom:

  • Bath and shower
  • Ceramic Shower

Basement:

  • Partially finished
  • Separate entrance
  • Potential income

Upgrades:

  • Cabinets
  • Heating
  • Decorative Columns
  • Kitchen
  • Electrical
  • Windows
  • Insulation
  • External facing
  • 9ft ceilings
  • Floors
  • Plumbing
  • Doors
  • Bathrooms
  • Roof
  • Painting
  • Half bath
  • Terrace

Location:

  • Highway access
  • Near park
  • No backyard neighbors
  • Public transportation

Lot description:

  • Fenced

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center
  • Bar

Near Health Services:

  • Hospital
  • Dentist
  • Medical center
  • Health club / Spa

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School
  • College
  • University

Near Recreational Service:

  • Gym
  • Sportif center
  • Library
  • Museum
  • Casino
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Suite
Storey: 1st floor
Dimensions: 35' x 32' (10,67 m x 9,75 m)
Flooring: Hardwood
Suite
Storey: Upper Level
Dimensions: 19' x 19' (5,79 m x 5,79 m)
Flooring: Linoleum
Suite
Storey: Upper Level
Dimensions: 19' x 19' (5,79 m x 5,79 m)
Flooring: Linoleum
Suite
Storey: Upper Level
Dimensions: 20' x 20' (6,1 m x 6,1 m)
Flooring: Linoleum

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$73.75
$885.00
Municipal taxes
$1,811.08
$21,733.00
Non-residential surface
$461.08
$5,533.00
Land taxes
$1,811.08
$21,733.00
Electricity
$125.00
$1,500.00
Heating
$125.00
$1,500.00
Water taxes
$248.00
$2,976.00
Maintenance fees
$83.33
$1,000.00
Insurance
$796.75
$9,561.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$17,500.00
$210,000.00

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.

1
Financing

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.

2
Offer to purchase

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?

Documents to download

3
Conditions of purchase

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.

4
Property transfer

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!

More details on these steps

See our All about buying section.

$3,200,000

6 units or more for sale

1569-1571-1573, rue Ontario Est

Ville-Marie (Centre-Ville et Vieux-Montréal) Montréal / l'Île

No. 1012178

Contact the owner

Are you a real estate agent?

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.

Contact the owner

Are you a real estate agent?

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.