Here is your chance to purchase a duplex on The Island of Montreal. This property is only a 10 minute walk to Metro Station Pie IX, the Olympic stadium and park, the botanical gardens, the sports center, schools, grocery stores and pharmacies, making this an ideal income or flip opportunity. Each unit has 2 bedrooms and 1 bathroom, high ceilings and the potential to completely update it to your liking. Don’t miss out on this amazing investment opportunity!!
We are selling our assignable purchase contract.
Closing is December 10th, 2020
**Buyer must assume upstairs tenants on closing. The lease expires in July 2021 and rent is $375/month.**
Please click HERE for more pictures and information.
Additional Features
4 bedrooms
2 bathrooms
Built in 1922
Above grade: 193 sq m (2077.43 sq ft)
Unfinished basement
Laundry in the basement
Could add living space or bedroom
Has high ceilings
5 separate entrances to units
2 main entrances through the front
2 backdoor entrances from enclosed porches
1 to the basement
200 AMP breaker panel (from 1980's as per seller)
No sign of knob and tube (Buyer to verify)
Oil boiler
Oil tank is rented, is maintained yearly, and is 3 years old
Radiators
No central AC
Windows are original (as per Seller)
Seller has agreed to pay up to $20,000 towards roof repairs
Shed/addition attached to the back of the duplex
Roof has leak
Street parking, by permit only
Lot size: 181.9 m2 (1957 sq ft)
Zoning: residential
Unit breakdown
4373 - Vacant (main floor unit)
2 bedrooms
1 bathroom
Access to the basement from the unit
Laundry room is in the basement
There are two entry points to the laundry. Tenants can access the laundry from the main floor unit as well as from a door outside.
4375 - Tenanted (upstairs unit)
2 bedrooms
1 bathroom
No access to basement
Laundry is in the kitchen
Buyer must assume tenants on closing. Lease expires in July 2021 and rent is $375/month
PROPERTY NEEDS
Full interior and exterior cosmetic updating
Possibility to complete the basement and add an extra living space or bedroom
Investor may need to repair cracks in the foundation from neighbour stabilizing the property 40-years-ago. No updates have been made to the property since, however, there have been no leaks
Removal or repair of plaster walls
