3232 Rue Des Ormeaux, Montréal (Mercier, QC H1L4Y4 $2,099,000
Frontage
Living room
Living room
Kitchen
Kitchen
Bedroom
Bedroom
Bathroom
Corridor
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Description
8-unit building with 3½ apartments, completely renovated from A to Z in 2024--2025: electrical, plumbing, ventilation, windows, patio doors, balconies, roof, etc. Each unit is equipped with a wall-mounted heat pump. Annual effective gross income of $127,200 with very low operating expenses. The seller holds an energy efficiency report prepared by an engineer in 2024. No major improvements anticipated for the next 10 to 15 years.
Excellent return on investment -- 16 times the gross income
-- with potential financing available through the MLI
Select program for a loan amount of approximately $1.8M.
-- with potential financing available through the MLI
Select program for a loan amount of approximately $1.8M.
Inclusions: 8 water heaters of 40 gallons each.
Exclusions : Personal belongings of tenants.
| BUILDING | |
|---|---|
| Type | |
| Style | Semi-detached |
| Dimensions | 45x24.4 P |
| Lot Size | 2205 PC |
| EXPENSES | |
|---|---|
| Insurance | $ 4249 / year |
| Energy cost | $ 452 / year |
| Maintenance / Repairment | $ 2000 / year |
| Municipal Taxes (2025) | $ 4615 / year |
| School taxes (2025) | $ 682 / year |
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ROOM DETAILS |
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|---|---|---|---|
| Room | Dimensions | Level | Flooring |
| N/A | |||
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CHARACTERISTICS |
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|---|---|
| Basement | 6 feet and over, Finished basement |
| Siding | Brick |
| Proximity | Daycare centre, Highway, Other, Park - green area, Public transport |
| Roofing | Elastomer membrane |
| Heating system | Electric baseboard units, Space heating baseboards |
| Heating energy | Electricity |
| Landscaping | Fenced |
| Topography | Flat |
| Sewage system | Municipal sewer |
| Water supply | Municipality |
| Parking | Outdoor |
| Foundation | Poured concrete |
| Windows | PVC |
| Zoning | Residential |