1641-1643 Rue Millar
Montréal (Saint-Laurent), Montréal H4L3H5
Duplex | MLS: 26723567
$989,000
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
Inclusions : As per leases.
Exclusions : Tenants' personal belongings.
Location
Characteristics
| Heating system | Electric baseboard units, Electric baseboard units, Electric baseboard units, Electric baseboard units, Electric baseboard units |
|---|---|
| Water supply | Municipality, Municipality, Municipality, Municipality, Municipality |
| Heating energy | Electricity, Electricity, Electricity, Electricity, Electricity |
| Foundation | Poured concrete, Poured concrete, Poured concrete, Poured concrete, Poured concrete |
| Siding | Brick, Brick, Brick, Brick, Brick |
| Proximity | Highway, Park - green area, Elementary school, High school, Public transport, Daycare centre, Highway, Park - green area, Elementary school, High school, Public transport, Daycare centre, Highway, Park - green area, Elementary school, High school, Public transport, Daycare centre, Highway, Park - green area, Elementary school, High school, Public transport, Daycare centre, Highway, Park - green area, Elementary school, High school, Public transport, Daycare centre |
| Basement | 6 feet and over, 6 feet and over, 6 feet and over, 6 feet and over, 6 feet and over |
| Parking | Outdoor, Outdoor, Outdoor, Outdoor, Outdoor |
| Sewage system | Municipal sewer, Municipal sewer, Municipal sewer, Municipal sewer, Municipal sewer |
| Window type | Crank handle, Crank handle, Crank handle, Crank handle, Crank handle |
| Zoning | Residential, Residential, Residential, Residential, Residential |
| Roofing | Asphalt and gravel, Asphalt and gravel, Asphalt and gravel, Asphalt and gravel, Asphalt and gravel |
| Driveway | Asphalt, Asphalt, Asphalt, Asphalt, Asphalt |
This property is presented in collaboration with KELLER WILLIAMS URBAIN