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Income property - Sold

$1,100,000 Anjou

7350 Av. Mousseau H1K2W3
  • Income property
  • 5 900 sq
  • 5 rooms
  • 3 bedrooms
  • 1 bathroom
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Revenue property - 7350 Av. Mousseau

Reference : #23051788
514 898-6088

8 x 5 1/2 heating & hot water paid by tenants.8 rented apartments.Actual revenues of 73800$ N/H.Well located, close to all amenities,park, highways & public transportation. Brick siding, roof, windows, balconies & exterior doors in good good shape (fairly recent). Please read addendum & seller's declarations.

Work done recently:

-All bathrooms received renovations (#5 /2019 & +-2015-2017 for all the others).
-All kitchens got new ceramic tiles on the floors +- 2015-2017 & January 2020 for #5 plus complete white paint job before renting.
-New treated wood for all balconies in front & at the back (+-2014-2015) -All windows & patio doors replaced (+- 2005-2006)
-New membrane on the roof (2017)
-New brick siding on left side and re pointed at the back (2011). There is some repointing needed on both of these walls.
-Brick siding in front needs a bit of re pointing.
-Newer paving in front(+- 2015-2016)


Revenues till June 30th 2021
8 rented apartments:73 800$/year.

Yearly expenses
Municipal taxes 2020: 8773$
School Taxes 2020-2021: 943$
Insurance (tx included): 4579$
Electricity of common spaces: 213$
Total of expenses: 14 508$

Net revenue: 59 292$

All other expenses are paid by tenants including heating, hot water & snow removal of the parking lot (6 at the back & 1 in front).

All owners on this street have till 2024 to remove the asphalt in front & replace it by grass.

In the certificate of location, it is mentioned that:
the front margin does not respect the municipal by-law by 0.04m.

NOTE TO ADD TO ALL OFFERS

Buyers read the certificate of location. On page 2, under ''Règlements municipaux'', it is mentioned that the front margin does not respect the municipal by-law by 0.04m.
Buyers accept it as is.
If an insurance title or any other document is required by the notary or financial institution, it will be at the expense of the buyers.

Please consult the document ''Seller's declarations''.

No environmental studies done for this immovable.

Thanks



INCLUSIONS
8 hot water tanks

EXCLUSIONS
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General Information
For sale
Type Income property
Price $1,100,000
Reference 23051788
Unit(s) 16
Year of construction 1968
Municipal tax $8,773 / year
School tax $943 / year
Gross annual income $73,800
Rooms 5
Bedrooms 3
Bathroom 1
Liveable surface 5 900 sq
Land 5 455 sq
Sewage system Municipal sewer
Water supply Municipality
Foundation Poured concrete
Roofing Elastomer membrane
Siding Brick
Windows Aluminum
Window type Sliding
Heating energy Electricity
Heating system Electric baseboard units
Basement 6 feet and over
Finished basement
Parking Outdoor
Driveway Asphalt
Topography Flat
Proximity Daycare centre
Elementary school
High school
Highway
Park - green area
Public transport
Zoning Residential
Type of building Semi-detached
Building dimensions 44.6 x 44.1 pi
Land dimensions 54.5 x 100.0 pi
Municipal evaluation
Year 2020
Land Evaluation $243,300
Building Evaluation $752,900
Total $996,200
Taxes
Municipal Taxes (2020) $8,773
School taxes (2020) $943
Total $9,716
Composition
Unit Type Total Total vacant Surface Description
8 0
8 0
Reference :
#23051788

Sophie Shao Mei Ou
Certified Real Estate Broker AEO
514 898-6088