3955 Rue Bélanger, Villeray / Saint-Michel / Parc-Extension, QC

Residential, Other

  • $23,500,000
  • 0 BEDS
  • 0 BATHS
  • 33,055.97 sq.ft. Home
  • 3955 Rue Bélanger, Villeray / Saint-Michel / Parc-Extension, QC
  • 0 BEDS
  • 0 BATHS
  • 33,055.97 sq.ft. Home
  • $23,500,000

Key Facts

  • MLS® #: 21969218
  • Property ID: SIRC719994
  • Property Type: Residential, Other
  • Living Space: 33,055.97 sq.ft.
  • Lot Size: 1,866.30 sq.m.
  • Year Built: 1961
  • Municipal Taxes 2021: $63,506
  • School Taxes 2021: $7,748

Property Description

Rare opportunity to own 142 units in three side by side buildings.Centrally located near all services and public transportation. Mostly composed of 2 1/2 units with a functional layout and a bedroom partition. All the units include a stove, fridge, electricity, heating and wifi. Garage and driveway spots. A lot of potential to raise the rents!

The third building is on 20eme Avenue and is a concrete structure.This building has one commercial unit and an interior garage. The units in this building are bigger and more recent. These units have separate counters and tenants pay for their electricity consumption.
The building has 6 garage spots (rented from $110-$150/month) and 6 driveway spots in the back.They are currently included in the revenues.
The laundry rooms generate ~$1700/month gross before expenses.The machines are rented.
The current owner has started the conversion to electricalpaid by tenant heating.He has currently gutted 10 units that he plans to renovate. Please contact the listing broker for the renovation plan for all units.
The owner has a full time employee that manages thebuildings and knows all the tenants. She will be able to stay behind with the on-site handyman. One of the apartments is currently being used as the administrativeoffice.
The previous owner declared he spent over $900,000 on renovations since 2012.The current owner has updated the common areas, added security cameras, gutted 10 units, roof work and electrical work.
Suite cadastral numbers: 2784564 , 2955284 , 2955285 , 2955286 , 2955287 , 2955288 , 2955289, 2955290 ,2955291 , 2955292 , 2955293 , 2955294 , 2955295 , 2955296 , 2955297 , 2955298 ,2955299 , 2955300 , 2955301 , 2955302

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Additional Features

Heating system: Hot water, Heating system: Electric baseboard units, Water supply: Municipality, Heating energy: Electricity, Heating energy: Natural gas, Foundation: Poured concrete, Parking: Garage x 6, Sewage system: Municipal sewer, Zoning: Residential

Marketed By

Sotheby’s International Realty Québec
1430 rue Sherbrooke Ouest
Montréal, Quebec, H3G 1K4

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Home/Quebec/Montréal/Villeray / Saint-Michel / Parc-Extension/MLS® 21969218