fbpx
591 Ash & 2024-26 Wellington, Sud-Ouest
34 residential units, 1 commercial unit | 2,350,000$

Description

33
0
0
1
0
0
34
1

Financial Overview

Revenue 193,560$
Cap. Rate 4.10 %
GRM 12.14
NRM 24.36
Return on Cash Flow 2.44 %
Return on Investment 4.98 %

Municipal Evaluation

Previous Assessment 2017-2019 1,115,800$
 
Land 2020-2022 273,800$
Building 2020-2022 1,087,500$
Total 2020-2022 1,361,300$

Highlights

- Beautiful buildings in the heart of the up and coming Sud-Ouest - Only minutes away from Downtown Montreal
- 591 Ash is a 33 units rooming house (130 sq.ft per room) - Very well maintained and managed, apartments are easy to rent
- 2024-26 Wellington is a duplex with 4½ (1,400 sq.ft) + commercial unit - Residential heating and hot water paid by owner
- Currently, both building are on the same cadastral lot - Great potential to increase rents
- Possibility to subdivide the lots into two (to verify with City and Régie) - Unique investment opportunity !
- Excellent location near Charlevois and LaSalle Metro stations

Residential

Studio 1 ½ 33
Alcove 2 ½ 0
1 bdrm 3 ½ 0
2 bdrm 4 ½ 1
3 bdrm 5 ½ 0
4 bdrm + 6 ½ + 0
Total Units   34

Commercial

Commercial 1
Total Units   1

Parking

Parking 0
Garage 0
Storage 1
Total Spaces   1

Location

Main Artery Highway 15
Intersection Charlevoix / Wellington
Shopping Center
Metro Station Charlevoix Metro
Bus Well located
Attraction Lachine canal, Downtown
Hospital CHUM
School Mtl, HEC, McGill, Concordia

Heating

Energy Source Electricity
Heating Type Electric Baseboards
Responsibility Owner

Heating Hot Water

Energy Source Electricity
Responsibility Owner
Water Tank

General Information

Zoning Semi-Commercial
Cadastral 3856643
Building Type Semi-Detached
Floor Nb. 3
Year Built 1910
Lot Area 377
Building Area 0
Stove As per leases
Refrigerator As per leases
Washer Owner
Dryer Owner
Elevator None
Wash/Dry Hookups Laundry room
Dishwasher Hookups None
Pool None
Furnished Yes
AC units
Basement
Fireplace
Intercom Yes

Building Overview

Roof Tar and gravel roof done around 2004 (no invoice on file)
Windows
Balconies
Exterior Walls 8,000$ of brick work in 2019 (no invoice on file)
Electricity
Plumbing
Heating System Electrical baseboards in every room
Hot Water Tanks All water heaters are new (no invoice on file)
Elevator
Garage
Bathrooms All units have private toilet, 2 common showers per floor
Kitchens Fridge and cooktop included in all apartments
Certificate of Location Benoit Peloquin - 2006-12-08
Envrionmental Report

Notes

- Rooms are 100-130 sq.ft each. No leases by the month, most of the leases are for 12 months.
- Major investments into property in last few years, around 200,000$ invested
- 30 rooms have been completely renovated, 14 rooms rented furnished, new laundry machines, new intercom system
- Corridor doors equipped with numeric locks and self-closing mechanisms
- Possibility to subdivide the lots into two separate lots (to verify with the City and the Régie)
*** This sale is made without legal warranty of quality, at the buyer’s risk and perils. ***
Top