49, Prom. Ronald, Montréal-Ouest H4X 1M9

Centris® #23304668
$ 1,340,000

Description

**Exceptional Investment Opportunity in the heart of Montreal West** Discover the potential of this exclusive seven-plex in Montreal West, a neighborhood celebrated for its vibrant community and strong rental demand. This well maintained property presents a unique opportunity for discerning investors seeking a stable income stream and long-term capital growth. Most impressive building on the street. Bright large living rooms, eat in kitchen, hardwood floors, good size bedrooms , storage units. Tenants pay hydro & heat . Don't miss out

Addendum

**Property Highlights:** - **Location Excellence:** Nestled in the heart of Montreal West, this property benefits from its proximity to major transportation, renowned educational institutions, shops, and local restaurants making it highly attractive to potential renters. - **Diverse Unit Mix:** The building comprises six 2 bedroom units and one 1 bedroom unit. Spacious as bright with ideal layout. - **Recent Upgrades:** Key enhancements new roof , safety door to garage , new flooring on main floor common area. Fixtures for all seven units are available for bathroom reno ( over $4000 value ) - **Strong Occupancy Rates:** Thanks to its prime location and superior living conditions, the property enjoys high occupancy rates and a consistent rental history, providing investors with immediate cash flow.

- **Community Focused:** Montreal West is known for its community-oriented lifestyle, recreational facilities, and annual events that draw families and professionals alike.

**Investment Benefits:** - **Turnkey Operation:** With all units currently leased and managed by a property management team, this investment offers a seamless transition for the new owner. - **Financial Performance:** Competitive rental prices and a well-maintained property minimize operational costs and maximize returns. - **Appreciation Potential:** Situated in one of Montreal's rapidly appreciating neighborhoods, this property is poised for significant value growth over time.

Seize the opportunity to own a piece of Montreal West, a community where demand for rental properties continues to rise. Whether expanding your portfolio or stepping into the investment property market, this seven-plex promises to be a cornerstone of your real estate holdings.

**Contact us today to discover all that this property has to offer!**

Renovations : Exterior stair resurfacing New stair rail New lighting in common areas New flooring on main floor Garage door opener New security for garage Resurfacing of most bath tubs New kitchen flooring , counter top and fridge in unit 4 Crack repaired New Roof 2024

Sale without legal warranty of quality, at the buyer's risk

Description sheet

Nb. of rooms
 
Nb. of bedrooms
0
Nb. of bathrooms and powder rooms
0 + 0
Building type
Detached 
Property type
 
Year built
1958 
Building size
68 X 30 feet 
Living area
 
Lot size
88 X 73 feet 
Lot area
6,423 square feet 
Quebec cadastre
 

Inclusions

Stove, fridge, dishwasher (where installed) except #6. 7 bathroom vanities , and 7 new toilets purchased for future renovation .

Exclusions

Tenants belongings . Appliances in unit #6

Features

Sewage system
Municipal sewer
Water supply
Municipality
Zoning
Residential

Potential Gross Revenue

Reference date
2024-07-01
Residential
$ 69,300 /year
Total
$ 69,300 /year

Assessment, Taxes and Expenses

Municipal assessment
Year
2025
Building assessment
$ 738,700
Lot assessment
$ 368,500
Total
$ 1,107,200
Annual taxes and Expenses
Energy cost
$ 1,720
Municipal Taxes
$ 12,681
School taxes
$ 871
Water taxes
$ 731
Total
$ 16,003
Top  
Laurie Fearon
Laurie Fearon
Real Estate Broker
BLVD IMMOBILIER
Real Estate Agency
514-575-7984
514-295-8787
Shapoor Hoghooghi
Shapoor Hoghooghi
Real Estate Broker
BLVD IMMOBILIER
Real Estate Agency
514-295-8787
514-575-7984
 

Photos - No. Centris® #23304668
49, Prom. Ronald, Montréal-Ouest H4X 1M9

Frontage Frontage
Frontage Frontage