Address
8751 - 8757 Rue Lajeunesse Montréal, QC
Price
$ 1,990,000
Property Attributes
  • ID#10712386
  • TypeMulti-Family
  • CityMontréal
  • AreaMontréal
  • NeighbourhoodAhuntsic Ouest
  • Postal CodeH2M 1R7
  • Style
  • Year Built1955
  • Taxes$ 20985
  • Price$ 1,990,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
  • Lot Size4,036 SqFt
Listing Provided Courtesy Of:
Bo Zhang with Royal LePage Altitude
Data Source:
RLP - CREA EN
Property Description

Excellent investment opportunity. Superb semi-commercial building in a prime location. Adjacent to Crémazie metro station. Building composed of 8 furnished studios and two commercial spaces including a convenience store and a bar currently vacant. Good potential for increased income. Located in a 3-storey zoning, with a maximum height of 13.5m. Semi-commercial building in prime location, 200 meters from Subway Station Crémazie, neighbouring a 14-storey building. Because of the location of the building, the annual increases of the two commercial leases are greater than usual.

ZONAGE
* The zoning currently allows 3 floors for maximum height 13.5 meters. The owner can obtain a permit to add one more floor.
* There is no parking requirement for new construction since it is less than 300 meters from the subway station.

THE BUILDING
* 8 apartments of size between 200 and 250 square feet
* The studios are rented with simple furniture and heated
* They are always rented and there is a waiting list of tenants
* Well maintained and well managed property

COMMERCIAL
* Heating costs, hot water and 50% of taxes payable by tenants
* Basement used as storage/office for businesses
* Good upside potential
* Long-time tenant
* Bar area currently vacant

LOCATION AND TRANSPORTATION
* Opposite Crémazie metro station and FTQ complex
* Public transport at the door (31, 361, 56, 146, 19, 192, 460, 54)
* Near Cégeps Ahuntsic and André-Grasset
* Lots of traffic on Lajeunesse Street
* Several daycare centers within 5 min walk
* Essential services within walking distance, including grocery stores, restaurants, cafés and more
* Several primary and secondary schools within walking distance

Exterior Features

Lot Frontage 48.2
Lot Size 375.1
Jumpid 17667057
Mls 10712386

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in H2M 1R7

Price
AVG $1.99M
$1.99M
Taxes
AVG $20,985
$20,985
Visits
AVG 2
1
Year Built
AVG 1955
1955
Walkscore
AVG 69
69
Data Provided by Walkscore ® not using MLS data