Prestigious McGill Ghetto building with 51 unit. Located on one of Montreal's most beautiful streets. Appreciate the original architectural details. High ceilings, wood floors and walk in shower. Very well maintained. Proximity to downtown shopping, grocery stores, McGill university, and public transportation.**Addendum *13 X 3 1/2**38 X 1 1/2*-Insurance: $12,602-Hydro: $15,581-Gas (Heated and Hot water) $54,000***Electrical and gas heating paid by the owner-Garbage containers are rented for approximately $450/month.* 2 new furnaces* 80% of electrical boxes have been changed* 15 apartments have been renovated* 95% of the windows have been changed* Roof redone in 2007.**Inclusions As per leases.**Exclusions As per leases.** Number of Units 51 - Residential38 Unit(s) - 1 1/2 type13 Unit(s) - 3 1/2 type**Total - 51**Other1 - Laundry Room**Total 1*** Potential Gross Revenue (2016-07-18) * Residential - $395,820 ; * Commercial * Parking/Garages * Other - $5,496 ; ** Total - $401,316.** Effective Gross Revenue - $401,316.** Operating Expenses * Municipal Taxes (2016) - $32,394 ; * School Taxes (2016) - $3,994 ; - 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 - $36,388** Net Operating Revenue - $364,928** Monthly Revenue (residential) - 51 unit(s)Annual Potential Gross Revenue $395,820 (2016-07-18). **Other Monthly RevenueAnnual Potential Gross Revenue $5,496 (2016-07-18).**

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