3411 Rue Ontario E., Montréal (Mercier/Hochelaga-Maisonneuve)
$ 1,380,000.00
Call Jie Xu - (438) 680-5656
MLS#: 27332945
Property type: Triplex
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About this property

Exceptional investment opportunity in a semi-commercial triplex located in the Promenade Ontario district, near Joliette metro station. The property features a well-established tenant with strong rental income, including a commercial unit leased to a popular restaurant franchise (Boustan). The restaurant has been fully renovated and benefits from a stable business with a solid lease agreement: 10 years plus a 10-year renewal option. The triplex also includes two spacious residential units, offering potential for additional revenue. The building is meticulously maintained, with a new roof installed in 2018. Additionally, the large basement, measuring 6 feet in height, provides two side entrances and ample storage. The property includes three parking spaces at the rear. With a stable annual income of $74,436 and a long-term investment guarantee, this is an opportunity not to be missed. The rent of unit 3413 will be increased to at least $ 1,750 soon. The rent of 3417 will be increased after 2 years. The revenue of the total after 2 years will be around 100k per year.

Property

Category Multi-family (2 to 5 units)
Building Type Attached
Year of Construction 1910
Building Size 25x82.40 F
Lot Area Dimensions 25x110 F
Lot Surface Area 2766 SF

Details

Water supply Municipality
Heating energy Electricity
Foundation Poured concrete
Proximity Public transport
Siding Brick
Sewage system Municipal sewer
Roofing Elastomer membrane
Zoning Commercial
Zoning Residential

Rooms Description

Rooms: 6
Bedrooms: 3
Bathrooms + Powder Rooms: 1 + 0

Not available for this listing.

Inclusions

Not available for this listing.

Exclusions

All the tenant personal belonging.

Commercial Property

Business Name Boustan
Lease Expiry Yes
Lease Is Renewable Yes
Without Legal Warranty Yes

Units

Total Number of Units 3

Revenue Opportunity

Not available for this listing.

Renovations

Not available for this listing.

Rooms(s) and Additional Spaces - Intergenerational

Not available for this listing.

Assessment, Property Taxes and Expenditures

Expenditure/Type Amount Frequency Year
Building Appraisal $ 552,200.00 2023
Lot Appraisal $ 282,700.00 2023
Total Appraisal $ 834,900.00 2023
Municipal Taxes $ 10,953.00 Yearly 2023
School taxes $ 663.00 Yearly 2023

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