3232 Rue Des Ormeaux, Montréal (Mercier, QC H1L

$2,099,000

1 Bedrooms
1 Bathrooms
1957
MLS: 15856966

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.

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ROOM DETAILS
Room	Dimensions	Level	Flooring
N/A

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

CHARACTERISTICS
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

Joseph Odorisio

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