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jaclynrabinrealty
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Real estate broker
Jaclyn Rabin
Real estate broker
KW Prestige
Office : 514 426-0047

Triplex for sale, Montréal (Ville-Marie)

$2,595,000 +GST/QST
This inscription is presented in collaboration with KELLER WILLIAMS URBAIN
MLS 26495211
Address
131 , Rue du Port , Montréal (Ville-Marie)
Description
Rooms : 10 | Bedrooms : 3 | Bathroom : 3 | Shower room : 1
Looking to live in a penthouse in the heart of Old Montreal with private terrace, aerial views + income?! Recent times have led homebuyers to seek more space, more bedrooms/bathrooms, private outdoor space, local walking/biking options while being in proximity to all services without driving. This 3 unit building features all that and more!
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Characteristics

Property Type Triplex Year of construction 1832  
Type of building Semi-detached  Trade possible
Building Size 12.80 m x 13.22 m Certificate of Location
Living Area 577.60 m²      
Lot Size 14.78 m x 13.22 m - irr Deed of Sale Signature 30 days
Cadastre
Zoning Commercial, Residential
Pool
Water supply Municipality Parking
Foundation Stone Driveway
Roofing Elastomer membrane Garage
Siding Stone Lot Patio
Windows Topography Flat
Window Type Distinctive Features
Energy/Heating Electricity, Natural gas View Water, City
Basement Proximity Other, Highway, Daycare centre, Park - green area, Bicycle path, Public transport  
Bathroom  
Heating system Hot water, Electric baseboard units Distinctive features Environmental study phase 1, Environmental study phase 2
Sewage system Municipal sewer
Dimensions
Width of the building
12.80 m
Depth building
13.22 m
Living area
577.60 m²
Lot frontage
14.78 m
Depth of field
13.22 m
Lot Size (Sq. ft.)
187.00 m²
Fees and taxes
Municipal Taxes :
$10,269 (2020)
School taxes :
$1,805 (2020)
Total
$12,074
Municipal evaluation
Year
2020
Lot
$451,600
Building
$969,900
Total
$1,421,500

Room dimensions

Rooms : 10    |   Bedrooms : 3    |   Bathroom : 3   |    Shower room : 1
Rooms LEVEL DIMENSIONS Type of flooring Additional information
Living room 3rd floor  33.8x14.4 P   - irr Wood 
Bedroom 3rd floor  10.3x11.10 P   - irr Wood 
Bathroom 3rd floor  10.2x6.10 P   Ceramic tiles 
Bedroom 3rd floor  10.4x10.7 P   Wood 
Master bedroom 3rd floor  14.2x16.1 P   Wood 
Bathroom 3rd floor  8.7x10.9 P   Ceramic tiles 
Kitchen 3rd floor  19.7x14 P   - irr Wood 
Washroom 3rd floor  6.5x6.7 P   Ceramic tiles 
Mezzanine 4th floor  26.7x23.1 P   - irr Wood 
Bathroom 3rd floor  6.6x6.8 P   Ceramic tiles 
Veranda 4th floor  40.2x37.11 P   - irr  

Inclusions

Fridge, stove, dishwasher, washer, dryer in each of the top 2 units

Addenda

***Unbelievable opportunity to own a renovated revenue

property in the heart of Old Montreal!***Located between

Place d'Youville and de la Commune!***

Each floor is approximately 1600 square feet + basement,

the mezzanine and roof top terrace.

Ground floor + basement:

Approximately 3200 gross square feet on 2 levels as the

basement is usable with adequate ceiling heigh. Great for

an investor or an owner occupant business looking to

capitalize on the revenues generated by the above rented

floors. The Old Montreal rustic look with stones and wood

beams are featured throughout these 2 floors . Ideal for

the service industry or can be renovated to a 2 floor

residential unit similar to the top 2. Plans available!

Second floor:

The 2nd floor unit is massive and occupies the entire floor

of the building. The stone wall is also a distinguishable

feature of this floor as well as the antique elevator shaft

gear which serves as a decorative trademark.

3 bedrooms + 3 bathrooms

Third floor + mezzanine:

The top floor unit is comprised of 2 floors occupying the

entire 3rd floor and featuring a 4th floor massive rooftop

terrace with breathtaking views and adjoining mezzanine

which can serve as an additional room.

3rd floor: 3 bedrooms + 3 bathrooms

4th floor: Large mezzanine + bathroom

The ground floor (+basement) is currently vacant and can be

zoned commercial or residential. Plans are available to

renovate into a 2 floor residential unit. The seller is

willing to do so at an additional cost (as he renovated the

upper units).

The location is already host to such staples as Gibby's and

other notable successful enterprises.

Do not miss this opportunity!

Ground floor + basement : pictures 31-36

Potential plans for ground floor+basement: pictures 42-52

Second floor : pictures 3-12

Third floor + mezzanine : pictures 13-30

Income explained:

The tenant currently pays 98,345/ year of base rent and is

responsible for 50% of the expenses of the immovable

(municipal taxes + school taxes and insurance).

Rental value of the Ground floor + basement = 5500/month or

66,000/year + 50% expenses.

Municipal taxe + school tax + insurance total approximately

15,000/year.

98,345 + 66,000 + 15,000= 179,345 gross income.

At the asking price this equals a 6.9% CAP rate!

Take the 3D virtual tour!

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Real estate statistics


Population by age group

14 and under5.5 %
15-19 years1.3 %
20-34 years32.4 %
35-49 years25.9 %
50-64 years22 %
65 and over13.1 %

Household composition

One family

39.5 %

Multiple families

0.3 %

One person

56.9 %

Multiple people

3.3 %

0.31

Children per household


Education

No diploma

1.9 %

High school

7.9 %

Apprenticeship or trade

3.2 %

College

14.7 %

University

70.7 %


Housing type

Single-detached house

0 %

Semi-detached or Row House

0.3 %

Duplex

0 %

Apartment, less than 5 floors

28.2 %

Apartment, 5 or more floors

71 %


Average income

Household
$168,959.13

Individual
$79,874.42

Housing tenancy

Owners
52.4 %

Renters
47.6 %

Mother tongue

French50.7 %
English26.1 %
Arabic3.9 %
Spanish2.9 %
Russian1.9 %
Other14.6 %