1641 Rue Millar
Montréal (Saint-Laurent), QC H4L

Description

UNIQUE! Duplex converted into 4 rental units! On Millar Street in Ville Saint-Laurent, steps from Bois-Franc. Positive cashflow of approx. $640/month with 25% down! Return between 15.9% and 17.4% (including Montreal's historical appreciation). Live in the building with 25% down and your large 5½ will cost you just $900/month. Two fully renovated basement units in 2024. Two spacious 5½s with 3 closed bedrooms. Nice backyard, 3 outdoor parking spots. Returns may vary depending on interest rates and management style. See addendum or contact me for details.

Generate a positive cashflow of approximately $640/month with 25% down! Cashflow may vary depending on interest rates and management style. Return between 15.9% and 17.4% (including Montreal's historical appreciation). Return of 9.4% (based on cash and equity only). Buy the building to live in it--with 25% down, your large 5½ will only cost you $900/month! Returns may vary depending on interest rates and your management approach. Contact me to discuss further. A golden opportunity for any serious investor. Ideal for both investors and owner-occupants: an immaculate duplex strategically transformed into a 4-unit rental property, located on Millar Street in Ville Saint-Laurent, just minutes from the sought-after Bois-Franc neighbourhood and all essential services. PROPERTY CONFIGURATION 1st Floor: Spacious 5½ with 3 closed bedrooms, well-maintained, rented at $1,550/month to an excellent stable tenant. 2nd Floor: Another large 5½ with 3 closed bedrooms, rented at $1,650/month, also to a reliable tenant. Basement -- Unit 1: Studio fully renovated in 2024, with washer/dryer access, never re-rented since the renovations. Realistic rental potential: $850/month. We can rent it out for you if needed. Basement -- Unit 2: 4½ (2 closed bedrooms) completely redone in 2024. Potential rent: $1,250/month. Total gross annual rental potential: $63,600 (optimization possible). MAJOR RENOVATIONS Creation of 2 new residential units in the basement (zoning change process underway with the city). Plumbing redone throughout the basement. Electrical updated in basement units. Flooring, cabinetry, kitchens, bathrooms--everything is new in the basement units. French drain redone. ADDITIONAL FEATURES 3 outdoor parking spaces Beautiful backyard ZONING IN PROGRESS The property is in the process of official regularization with the City to be recognized as a 4-unit residential plex. A great opportunity for any investor looking to optimize revenue and increase the building's value. Proximity Located in a quiet residential area of Ville Saint-Laurent Just minutes from Bois-Franc, the future REM station, and major highways (13, 40, 15) Close to schools, daycares, parks, grocery stores, and shopping centers (Place Vertu) Strong medium- to long-term appreciation potential thanks to Bois-Franc development and nearby industrial sector conversion to residential