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2365-2381 Rue Jolicoeur - Just Listed! 9 plex on Jolicoeur, only a few blocks from Monk metro and the Lachine Canal. 9 large one bedroom units with double living rooms. Possible to re-arrange to be two bedroom units. They are all approximately 850 square feet. The revenues can be increased quite easily. This is an up and coming area with enormous potential!

Addenda:
-There's a possibility to divide the buildings to be a
triplex and 6plex. The building has two separate roofs and
two basements. Would need to add a water main to satisfy
city requirements to split the two. To be verified with
the city.
-All apartments are quite large, approximately 850 square
feet each. Some have two bedrooms, and some have one
bedroom with a double living room.
-Heating and electricity is paid for by the tenants.
-Roof is from 2003.
-Potential to increase rents. Area in demand.
-Building has been well maintained over the years.
-The rents are quite low for the neighborhood with plenty
of room for improvement. Will not qualify for 25% down
payment. Be prepared for minimum 35-40% downpayment as a
requirement for the mortgage.

Property Details

  • ID: 15597688
  • Year Built: 1923
  • Status: Active
  • New Construction: No
  • Lot Area: 372.00 Square metres
  • Property ID: 101346995
  • Beds: 1
  • Total Rooms: 4
  • Building Size: 15.54 x 15.76 M
  • Lot Size: 23.47x15.85
  • Style: Other
  • Baths: 1 (Full: 1 3/4: 0 1/2: 0 Other: 0)
  • Storeys: 3
  • Living Area: 727 Square metres
  • Neighbourhood: Le Sud-Ouest

Features

Basement Under floor space
Heating energy Electricity
Heating system Electric baseboard units
Proximity University, Public transport, Park - green area, Hospital, Highway, High school, Elementary school, Cegep, Bicycle path
Sewage system Municipal sewer
Water supply Municipality
Zoning Residential, Commercial

Financial Considerations

Municipal Assessment
  • Year: 2015
  • Lot: $210,200
  • Building: $419,400
  • Total: $629,600
Taxes (annual)
  • Municipal: $5,454 (2017)
  • School: $1,056 (2017)
  • Total: $6,510
Expenses (annual)
  • Energy: $350
  • Total: $350
Listed By Jonathan Abrahams of CENTURY 21 Vision