Renovation project for a GENERAL CONTRACTOR or HANDYMAN. Fully stripped building, 1145 sq ft ground floor and second floors, 100% vacant, offering the possibility of creating three apartments: one 5 1/2 and two 3 1/2. Estimated potential gross income of $41,280 yearly, broken down into $1,450, $995, and $995 monthly rents, all unheated and unlit. *Revenues are estimated based on comparable properties for a TRIPLEX building that has undergone major renovations. (see addendum & sellers's declaration)

Asking price - $319,000. The building is vacant and will be financed against the estimated project value. Based on the GRM (Gross Revenu Multiplier) of 16.25X after renovations, expected market value based on comparables is estimated at $670,000. Proof of funds of 35% of the final estimated value is required for the contractor to advance renovation costs. It will be necessary for the contractor or the buyer to provide a renovation estimate to the financial institution for the loan and progressive disbursements. *The estimated renovation amount may vary depending on the contractor's project. In the end, only 20% of the down payment will remain in the project. The building will easily meet the needs of an owner-occupant upon resale. Excellent location near Sainte-Marie Hospital (CIUSSS MCQ), CEGEP, university, and downtown. Easy to visit. Call now!