Waiting for map...
4-Bedroom Investment Opportunity, $40,000/year in rent (inactive)
It is a completely luxuriously renovated condo in one of the most sought after locations in Montreal; it is close to everything and also has an underground passage linking the building to the Eaton Center, metro, as well as other surrounding locations. Right across the street from McGill University.
It has 4 large bedroom & 1.5 bathroom. Renovated with dark hardwood floors, marble bathroom counters, granite kitchen counters, all brand new stainless steel appliances, Versace kitchen tiles from Italy, new lighting and ceiling fans, and in suite laundry facilities. It has been freshly painted and is extremely well kept. It is about 1400 SQFT and boasts beautiful views from every window aswell as from its large rooftop terrace. It is near the top floor and is very bright with double windows to keep in the heat. Also has a large roof-top terrace.
For POTENTIOL INVESTORS, this condo can be rented out for a net income of about $31,000/year (3,350/month before expenses); which I can rent out for the buyer if he chooses. Put no money down and still be able to pay off all mortgage interest payments and expenses(mortgage rate currently about 4%).
It can be sold furnished if desired and has very modern furniture including leather couches, glass tables, lamps, wall mounted LCD TV, and new beds.
The building has a door man downstairs and is kept very clean with daily cleaning. The building is going through a renovation that includes a brand new elevator and other renovations to completely modernize and bring out the beauty of the building; this is a major advantage. This renovation is occurring this year and should be completed by mid-summer (I will provide all details about this renovation upon request).
There is an underground parking lot available, and if you own a condo in this building specifically, you are able to rent a spot at $50 under market value in this area ($256/month).
When comparing my unit to the current surrounding listings within a 7 block radius, I found that the average price for a similar condo is anywhere between $650,000-$800,000 (although few of these condos tend to be slightly larger). But this is a detached condo which is a major benefit unlike other condos that are in this area that run on a differnet system and are attached.
Condo fees = $416/month (include hot water)
Property tax = $3,295/year
School tax = $677/year
Email with any other questions