Great location & investment. Spacious 8 unit multi-residential property located in an ideal neighbourhood. 7 spacious 1 bedroom units and 1 studio. Extremely well maintained property, many units with modern renovations, laundry room in the basement & 3 ext. parking. Steps away from public transportation, universities, Mont-Royal, & highway access.**Addendum *Superior location in Montreal's Plateau; Mont-Royal borough- Within close proximity to multiple lifestyle destinations- 3 outdoor parking stalls at the rear of the building ( all currently rented)- Easily accessible via major thoroughfares & public transit- Walking distance of the Laurier metro station, access to downtown Montreal in under 15 minutes via the orange line.- Potential of adding an additional suite on the basement level- 75% of suites completely renovated.* Insurance: $2,200/year* Heating is paid by the tenants with the exception of the bachelor apartment (1 1/2). * Hot water is paid by the tenants with the exception of the bachelor apartment (1 1/2) and a single 3 1/2.**Inclusions 7 hot water tanks, washer and dryer in the laundry room, appliances as per the leases**Exclusions 1 hot water tank is rented** Number of Units 8 - Residential1 Unit(s) - 1 1/2 type7 Unit(s) - 3 1/2 type Total - 8**Other *Type Number *Laundry Room *Parking/Garages 3 ** Potential Gross Revenue (2016-03-30) * Residential $73,620 * Commercial - * Parking/Garages - $1,320 * Other - $1,800 ** Total - $76,740.** Effective Gross Revenue -$76,740.** Operating Expenses * Municipal Taxes (2016) - $6,597; * School Taxes (2015) - $1,320; - Infrastructure Taxes - Business Taxes - Water Taxes * Energy - Electricity -; - Energy - Heating Oil * Energy - Gas - ; * Elevator(s) * Insurance - ; - Cable (TV) - ; - Superintendent - Sanitary Container - Snow Removal * Maintenance ; -Equipment (Rental) - Common Expenses - Management/Administration - Garbage - Lawn - Advertising - Security - Recovery of expenses ** Total Operating Expenses - $7,917 *** Net Operating Revenue - $68,823 ***Monthly Revenue (residential) - 8 unit(s)***Annual Potential Gross Revenue $73,620 (2016-03-30) ***Other Monthly Revenue***Annual Potential Gross Revenue $3,120 (2016-03-30) ***

Brokered And Advertised By: Royal LePage Heritage
Listing Agent: Amy Assaad