Income property full of possibilities and potential. The upstairs unit (5167) has been completely renovated and is currently rented for $1800 per month until June 30, 2024. The 2 floors below are occupied by the daycare. The daycare lease expires on October 1, 2030. Rent is $4400 per month. The daycare business is also currently for sale (MLS: 14331863) Double width garage at the back of the main building that could offer additional income. Potential income of $300 per month. The room above the garage currently rented for $600 per month until 2026. Following the addendum...
Income property full of possibilities and potential.
The upstairs unit (5167) has been completely renovated and is currently rented for $1800 per month until June 30, 2024.
The 2 floors below are occupied by the daycare. The daycare lease expires on October 1, 2030. Rent is $4400 per month.
The daycare's business is also currently for sale (MLS: 14331863)
Double width garage at the back of the main building that can offer additional income. Potential income of $300 per month.
The room above the garage could be annexed to the daycare to increase the capacity from 45 to 60 children or could also be converted into a 4th dwelling. This space is currently rented for $600 per month until September 1, 2026.
Total revenues of $85,200 per year.
Talks to convert it into housing had begun with the city and it all looked positive.
There is a 4th address overlooking the side of the building (615 Desmarchais) and installations for 4 Hydro Quebec meters.
The roof is new from 2023.
An opportunity to be seized quickly!
INCLUSIONS
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EXCLUSIONS
Tenants' property
Income property full of possibilities and potential.
The upstairs unit (5167) has been completely renovated and is currently rented for $1800 per month until June 30, 2024.
The 2 floors below are occupied by the daycare. The daycare lease expires on October 1, 2030. Rent is $4400 per month.
The daycare's business is also currently for sale (MLS: 14331863)
Double width garage at the back of the main building that can offer additional income. Potential income of $300 per month.
The room above the garage could be annexed to the daycare to increase the capacity from 45 to 60 children or could also be converted into a 4th dwelling. This space is currently rented for $600 per month until September 1, 2026.
Total revenues of $85,200 per year.
Talks to convert it into housing had begun with the city and it all looked positive.
There is a 4th address overlooking the side of the building (615 Desmarchais) and installations for 4 Hydro Quebec meters.
The roof is new from 2023.
An opportunity to be seized quickly!
INCLUSIONS
--
EXCLUSIONS
Tenants' property