Description

Rare to market this multi-family property is located in 3 AAA location within walking distance of Chabanel business district area and Marche Central. The building has large 7 x 4.5 room appts & 1 x 3.5 room apt. The hot water & electricity are paid by the tenants. Looking for its next long term investor owner or owner occupant! Great current revenues with room to optimize...not to be missed!

8720 Meunier Ahuntsic, detached 8-unit Multi-family
dwelling
Supporting documents provided upon accepted offer.

3A Location and is prime walking distance (13min) to Orange
line, Crémazie metro station. Dual access to highway 40.
Walking score 93 (see walking score doc) close distance to
public schools, shopping, Jarry park and the new Université
de Montreal campus and much more...

3 floors/ 8 units (very large 7 x 4.5 apartments). The
layout is like a square box with all room sizes almost 12 x
12 (to be verified). Well maintained but not renovated lots
of room for optimizations of the appts.

1 x 3.5
7 x 4.5

Current revenue is $92016.00 annually (refers to leases &
2024 renewals)
Very low Heating costs at landlord's expense dual energy
gas/electricity includes common area of building
Energy- Electricity: $2656.00
Energy Gaz: $310.00
(hot water and Hydro are at tenants' charge)

Built in 1958
Municipal Evaluation $ 1,245,000.00 (2024)
Driveway parking behind building 3 spots can probably add
more spaces, and on right side can possibly replace grass
area with additional parking.

Original Owner since 1960+-

Updates over years:

-Individual electrical meters and water tanks for each unit
-stairs to basement apartment (no painting)
- 2015-2017 new Guillotine style windows & new front and
back doors.
- 2016 New roof (warranty doc and pics of roof)
-all appts are maintained and there is lots of room for
optimization
-all washer & dryer entries in all appts
- detached building with all brick facades
- very well maintained clean common space see photos
- intercom system and mailboxes in main entrance

-lots of potential to grow further revenues (never any
vacancies, rents very quickly, very high demand). All other
tenants last 2-5 yrs.

-kitchens & bathrooms are maintained and clean, original
hard wood floors. Have pictures of 4.5 room apt.

All appliance (as per leases)
Water tanks are mostly 2013-2023 (all owned by the owner)

Leases revenues 2024- 8720 Meunier

Apartment 1: 4.5 rooms $925.00

Apartment 2: 3.5 rooms $632 (has maintenance agreement
w/Vendor)

Apartment 3: 4.5 rooms $1197

Apartment 4: 4.5 rooms $1025

Apartment 5: 4.5 rooms $744.00 (over 65 yrs old)

Apartment 6: 4.5 rooms $1075

Apartment 7: 4.5 rooms $780

Apartment 8: 4.5 rooms $1250

Total gross monthly revenue ($7668.00)

As of November 2024
Expenses of residential 8 units: Annual costs

Municipal taxes 2024: $7845.64
2024 school taxes: $1,008.18
Gas & electricity: $2966.00
Insurance: $9500.00

Total expenses: $21320.18
Potential gross income (annual)
Residential apartments: $92016.00
Total expenses: $21320.18

NOI: $70696.00