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306-308 Montreal Street presents an attractive multi-unit Four-Plex with the opportunity to invest in an appreciating asset. Sporting four 2 bedrooms units, which have all been renovated to a great degree, there is little that needs to be done at this property providing a turn key investment opportunity. Each unit has an separate electrical service of 100amps with 5 meters in total including common area. A newer gas boiler installed in 2019 provides efficient water radian heat to the units. Shingles replaced in 2018, new vinyl siding 2018, 2 parking spots (rented at $100 each/month). The B.538 zoning allows for a 3 to 6 family dwelling as well as a neighbourhood commercial use. 306 #1 is on a fixed lease until 2023/03/3, the remainder of the units are month to month. Gross income is $71 820.00 with good upward potential. Landlord pays water/sewer/gas and tenants pay hydro. The property also features a separate entrance for the mechanical room as well as two parking spaces each rented at $100/month. The property has been very well maintained and shows well. (id:24093)
Listed by Jan P. Kahlen of Re/Max Finest Realty Inc.,Brokerage

Property Details of 306 Montreal Street

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"Based on information submitted to CREA as of August 13, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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