Multiplex · For sale

118 Marier Avenue, Vanier and Kingsview Park

$1,379,000

Listing brokerage: LOTFUL REALTY · MLS® X13869950

Listing brokerage

LOTFUL REALTY

Type

Multiplex

Deal

For sale

Category

Residential · Multi-unit homes

Bedrooms

11

Bathrooms

6

Size

3500-5000 sq ft

Lot

65.92 x 89.89 ft

Area

3402 - Vanier

MLS® number

X13869950

Description

Calling all investors and developers! Rare opportunity to own a 6-unit building on a double lot in the heart of Vanier. The property features five 2-bedroom units and one bachelor, with two units currently vacant, giving a new owner the opportunity to set their own rents from day one. There is plenty of upside with two additional units currently rented below market and potential to add a 7th unit in the basement, subject to buyer due diligence and approvals. The double lot also offers future redevelopment potential, with the possibility of replacing the existing building with two multi-unit buildings, subject to zoning, approvals and buyer due diligence. Located close to Montréal Road, Beechwood Avenue, shopping, restaurants, public transit and just minutes from downtown, St. Laurent Shopping Centre and Train Yards. Multiple ways to increase income and add value. See attached pro forma for additional financial details.