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Revenue property in Rosemont/La Petite-Patrie (Montréal) for sale: 17984641

$2,995,000.00 +GST/QST
6270-6286 Av. Christophe-Colomb, ,
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Large 10 unit apartment building. 10500 Square feet of above ground building square footage + 1400 square feet of rented basement. $150,900 of gross rents. Completely renovated on prestigious Avenue Christophe Colomb. Turn key asset. Very low expense ratio. New buyer will have very little capital expenses for years to come. Tenants pay electricity.
Address:
6270-6286 Av. Christophe-Colomb
State/County:
Zip Code:
H2S 2G6
Country:
Canada
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5 rooms
3 bedrooms
1 bathroom
Living space area:
11542 ft2
Property Size:
11 542,00 ft2
Property Lot Size:
4 915,00 ft2
Residential:
5 rooms, 3 bedrooms
Year Built:
1960
Guarantee:
Without any legal guarantees
Company name:
Betina Lou Design Inc.
Option to renew the lease :
Yes
Lease expiration date (Year - Month):
2021-09
Gross Yearly Revenu
$126,420.00
Gross Commercial Revenu
$24,480.00
Water supply:
Municipality
Heating energy:
Electricity
Windows:
PVC
Basement foundation:
Concrete slab on the ground
Siding:
Brick
Basement:
Other (9.5 feet high), Partially finished
Parking:
Outdoor
Sewage system:
Municipal sewer
Roofing:
Asphalt and gravel
Zoning:
Commercial, Residential
Building details
Front: 11.96 Meters irr.
Depth: 32.64 Meters irr.
Living space area: 11542 Square Feet irr.
Land
Front: 11.96 Meters
Depth: 38.20 Meters
Area: 4915 Square feet
Municipal assessment
Year:
2020
Land:
$516,600.00
Building:
$658,400.00
Taxes
Municipal:
$12,193.00 (2021)
School:
$948.00 (2020)
Expenditure / Energy (annual)
Insurance:
$6,555.00
Energy:
$255.00
With revenue
walkscore90 / Very Walkable more details here

Large 10 unit apartment building in one of most sought after neighbourhoods in Montreal. 10500 Square feet of above ground building square footage + 1400 square feet (9.5 feet height) of rented basement. The tenants pay electricity + heating. $150,900 of gross rents. Completely renovated on prestigious Avenue Christophe Colomb. Turn key asset. Rented at only ~13$ per square feet gross. Potential for rent increase and optimization without any renovations. Very low expense ratio. New buyer will have very little capital expenses for years to come. Very attractive rental asset. Very small commercial portion allows property to qualify for standard conventional / CMHC financing. Please check with your financial institution. Potential to increase rents without doing any renovations and with just normal tenant turnover. Certain rents are below market for renovated apartments. List of renovations include brand new: - Kitchens - Bathrooms - Hardwood / Vinyl floors - Electrical System - Plumbing - Windows - Doors - Walls / Ceilings - Lighting - Roof - 2014 6270 Christophe Colomb - 5 1/2 - $1595 - July 1 2022 6272 Christophe Colomb - 4 1/2 - $1405 - July 1 2022 - Parking exterior 6274-C Christophe Colomb - Loft ~1100 square feet + terrasse - $1100 - July 1 2022 6274-F Christophe Colomb - Commercial - 1400 square feet - $1000 - August 31 2021 6274-D Christophe Colomb - Loft ~1200 square feet - $1255 - July 1st 2022 6274-E Christophe Colomb - Commercial - 1000 sq ft - $1040 6276 Christophe Colomb - 4 1/2 - $1320 - July 1 2022 6278 Christophe Colomb - 4 1/2 - $1310 6280 Christophe Colomb - 4 1/2 - $1250 - Sept 1 2022 6282 Christophe Colomb - 4 1/2 - $1345 - July 1 2022

As per the leases.
As per the leases. Tenants pay electricity + heating.

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    1The total price includes GST, QST and refunds if the buyer qualifies. Tax refunds for new properties or those that have undergone substantial renovations are available only to individuals, under certain conditions.

    Olivier Vo

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