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Quadruplex - For sale

$1,450,000 Ville Marie

323-325 Rue Ontario E. H2X1H7
|Availability : 31 Dec 2023
  • Quadruplex
  • 4 rooms
  • 2 bedrooms
  • 1 bathroom
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Quadruplex - 323-325 Rue Ontario E.

Reference : #16057030
514 733 1210

Development opportunity in the "quartier des spectacles" nearly 3,000 sq.ft. lot with 4 divided condos with access from Ontario and Joly streets. Possible development at rear of lot (Joly St.) Steps from UQAM, St-Denis and Vieux-Montreal CEGEP, in the Latin Quarter.

-323 Ontario E. Garden level exclusive lot no.3603790: 148.5 sq.meters of which 76 sq.meters is for commercial use (bar), 41.61% of rights; 2020 assessment: land:138,400$, building:110,000$, Total 248,400$, Muni taxes 7165.88$, school 219.58$;

-325 #101 Ontario E. 1st floor exclusive lot # 3603791: 68.8 sq meters of commercial space (school), 19.28% of rights; 2020 assessment: land:64,100$, building:115,000$ Total 179,100$, Muni Taxes 5166.60$, school 150.97;

-325 #201 Ontario E 2nd floor exclusive lot #3603792: 65 sq meters residential space, 18.21% of rights; 2020 assessment:land:60,500$, building:109600 Total 170,100$, Muni taxes 1271.11$, school 142.04;

-325 #301 Ontario E 3rd floor exclusive lot #3603793: 74.6 sq meters of residential space, 20.9% of rights; 2020 assessment:land:69,500$, building 142,700$ Total 212,200$, Muni taxes:1585.89$, school:183.75$

***The asking price is for all 4 condo units. Offers on separate lots will not be considered.
****ALL DIVIDED CONDO UNITS ARE SOLD TOGETHER
The commercial portion of this sale will be subject to taxes and shall be determined by the BUYER and his notary.
According to the SELLER, it is possible to build 2 additional units on top of the rear portion of the building (off Joly st,). BUYER will be responsible for obtaining any and all information pertaining to building permits, expansion, zoning with the relevant authorities.
Sellers Declarations: #323 DVD# 90861, #101 DVD91160, #201 DVD91159, #301 DVD 90857


INCLUSIONS
3 water heaters (325 Ontario 101, 201 & 301); 2 refrigerators, 2 stoves, 2 washer/dryer units (apartments 201 &301)

EXCLUSIONS
all tenants possessions (commercial & residential)

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General Information
For sale
Type Quadruplex
Price $1,450,000
Availability 31 December 2023
Reference 16057030
Unit(s) 4
Year of construction 1870
Municipal tax $15,189 / year
School tax $696 / year
Gross annual income $92,460
Rooms 4
Bedrooms 2
Bathroom 1
Land 274.8 m²
Sewage system Municipal sewer
Water supply Municipality
Heating energy Electricity
Heating system Electric baseboard units
Basement Low (less than 6 feet)
Unfinished
Parking (total) Outdoor
Proximity Cegep
Hospital
Public transport
Zoning Commercial
Residential
Type of property Quadruplex
Type of building Attached
Building dimensions 7.47 x 11.82 m (irregular)
Land dimensions 7.47 x 36.78 m (irregular)
Municipal evaluation
Year 2020
Land Evaluation $1
Building Evaluation $1
Total $2
Taxes
Municipal Taxes (2020) $15,189
School taxes (2020) $696
Total $15,885
Composition
Unit Type Total Total vacant Surface Description
1 1
1 0
COM½ 2 0 217 m²
See original property
Reference :
#16057030

Real Estate Broker
514 733 1210