Possibility to choose your investment in the way of your need.

House with 3 storeys and a basement. The landlord uses the basement and the first floor, and there is 7 studios on the second and third floor. This property can be fixed in 3 condos with a permit from the ''service de l'urbanisme de la ville de Montréal'', or have revenues from the 7 studios with different kinds of customers, or 3 apartments, or even a cottage. This building was completely renovated to assure its durability. Only the aesthetic side has to be improved.

1610 and 1612 St-André

House classified ''macro inventaire'' build in 1883. The 1610 St-André has the first floor and the basement, and the 1612 St-André has 4 studios on the second floor, and 3 studios on the third floor. Renovated in 2006, there is a new electric circuit, and new plumbing all in copper. The front exterior wall was completly renovated in 2008. The roof was redone in 2008, and the one for the extension in 2012 (white membrane). The floors for all the bathrooms were redone. Each studios is equipped with a smoke detector. The basement was digged (around 120 cubic meters) to rebuild all the sewer pipes, and lift the house to level all the floors. All the walls were rebuilt. A concrete slab was installed on a bed of 200 mm of stones and a thick ''coupe vapeur'', and a geotextile under the stone bed. A draining system was installed around all the foundations. New walls for the foundations were rebuilt. All the windows were changed in 2006. Maintenance has be done until now. Aesthetic has to be improved.

Size of the land (23.5 x 68.5 = 1611 square feet).

Living space: 3035 square feet.

 Work done on the property

D escription

7studios at the 1612 St-André and a shared kitchen on the second floor. That kitchen has a sink and a stove. Each studio has its own fridge, some with a sink, smoke detector, and are furnished.

At the 1610 St-André, the apartment has 2 bedrooms, living room, dining room, kitchen, and a basement. There is a gas fireplace in the living room. The size is 1100 square feet.

Zoned rooming house, possibility to transform the vocation by requesting at ''service de l'urbanisme de la ville de Montréal''.

Monthly income: 3550$/month for the 7 studios + estimated revenue of 1800$/month (apartment of the landlord)

Municipal evaluation: 652 100$ for 2017.

Architectural drawing available.

Heating with electrical board and electronic thermostat in each room. Electric hot water tank. Cost of the electricity included in the rent: 4000$/year. 

Floor in hardwood, ceramic in all bathroom.

Municipal taxes (4987$), scholar (1098$).

Insurance: 1003$.

All furniture included.

Location certificate available.

No morgage.

Ratio annual revenues VS asking price = 10,4.

Ratio annual revenues VS living spaces = 21$.

Asking price: 670 000$.