9569-9579 Av. Souligny, Mercier/Hochelaga-Maisonneuve, QC H1L2V5, CA, Mercier/Hochelaga-Maisonneuve, Québec

Details:- Building with 6 residential units located across from the Souligny bike path, in an area still affordable and promising a bright future due to developments in the east of Montreal. Very advantageous financing to be assumed by the buyer (2.21%, amount of $832,000 as of July 1, 2024) and potential refinancing in APH Select in 2 years to recover approximately 75% of the initial down payment. See addendum for more details

Here is a brief description of the 6 units, all rents mentioned are those that will be effective on July 1, 2024:

* Ground Floor Left (9569): 2-bedroom unit in good condition, includes the left portion of the backyard. Rented for $1,069 with lease since July 2019.

* Ground Floor Right (9571): 2-bedroom unit in poor condition. Includes the right portion of the backyard. Rented for $726 with lease since July 1999.

* 2nd Floor Left (9573): 2-bedroom unit + office space in good condition. Rented for $1,000 with lease since November 2023.

* 2nd Floor Right (9579): 2-bedroom unit + office space in ordinary condition. Rented for $785 with lease since 2015.

* 3rd Floor Left (9575): 2-bedroom unit + office space in good condition. Rented for $1,150 with lease since November 2023.

* 3rd Floor Right (9577): 2-bedroom unit + office space in good condition. Rented for $1,037 with lease since December 2023.

Tenants are responsible for electricity. Foundation and structural stabilization work was done by Système Sous-Sol Québec in 2015, and a follow-up visit was conducted in February 2024 to ensure everything was still compliant. Roof replaced in 2011.

A standard CMHC financing was secured in 2021 at a rate of 2.21%, with a 35-year amortization. The balance in July 2024 will be approximately $832,000, and the term expires in July 2026. The new buyer can refinance with the APH Select program (100 points) in 2026 and withdraw approximately $300,000 in equity.

Visits will only take place under accepted purchase offer. 
Please email us to receive all relevant information about the building.


INCLUSIONS
--

EXCLUSIONS
--