for sale, 9569-9579, Av. Souligny, Montréal (Mercier/Hochelaga-Maisonneuve)

in Montréal (Mercier/Hochelaga-Maisonneuve)

9569-9579, Av. Souligny

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1,195,000 $

2| 1| 400.55 mc

№ Centris 12931034

Description

Building with 6 residential units located across from the Souligny bike path, in an area still affordable and promising a bright future due to developments in the east of Montreal. Very advantageous financing to be assumed by the buyer (2.21%, amount of $832,000 as of July 1, 2024) and potential refinancing in APH Select in 2 years to recover approximately 75% of the initial down payment. See addendum for more details

Highlights

Year built

1915

Living area

400.55 mc

Potential gross revenue

67,140 $

Details

Zoning

Residential

Water supply

Municipality

Sewage system

Municipal sewer

Legal warranty

Selling without a legal warranty

Costs and evaluation

Taxes
Municipal Taxes (2024)	5 066 $
School taxes (2024)	578 $
Total	5 644 $

Municipal evaluation(2021)
Land	233 100 $
Building	551 800 $
	784 900 $

Additional info

Here is a brief description of the 6 units, all rents
mentioned are those that will be effective on July 1, 2024:

* Ground Floor Left (9569): 2-bedroom unit in good
condition, includes the left portion of the backyard.
Rented for $1,069 with lease since July 2019.

* Ground Floor Right (9571): 2-bedroom unit in poor
condition. Includes the right portion of the backyard.
Rented for $726 with lease since July 1999.

* 2nd Floor Left (9573): 2-bedroom unit + office space in
good condition. Rented for $1,000 with lease since November
2023.

* 2nd Floor Right (9579): 2-bedroom unit + office space in
ordinary condition. Rented for $785 with lease since 2015.

* 3rd Floor Left (9575): 2-bedroom unit + office space in
good condition. Rented for $1,150 with lease since November
2023.

* 3rd Floor Right (9577): 2-bedroom unit + office space in
good condition. Rented for $1,037 with lease since December
2023.

Tenants are responsible for electricity. Foundation and
structural stabilization work was done by Système Sous-Sol
Québec in 2015, and a follow-up visit was conducted in
February 2024 to ensure everything was still compliant.
Roof replaced in 2011.

A standard CMHC financing was secured in 2021 at a rate of
2.21%, with a 35-year amortization. The balance in July
2024 will be approximately $832,000, and the term expires
in July 2026. The new buyer can refinance with the APH
Select program (100 points) in 2026 and withdraw
approximately $300,000 in equity.

Visits will only take place under accepted purchase offer.

Please email us to receive all relevant information about
the building.