2523Z Rue de Châteauguay,
Montréal (Le Sud-Ouest), H3K1L2

Description of the property for sale

PROJECT, Pointe-St-Charles | Currently configured as a duplex, with the possibility of converting it into a quadruplex (subject to necessary steps and verifications by the buyer), this building presents the perfect opportunity for an experienced investor or entrepreneur. Ideally located less than 2 minutes from Charlevoix metro, it offers a 2,812 square foot lot and a large backyard, providing significant potential rental income. Currently vacant, this building is ready to be renovated to reach its full potential. An exceptional opportunity not to be missed! *City construction permit obtained.

[THE PROPERTY]

Currently VACANT - A renovation project with exceptional potential - CONSTRUCTION PERMIT OBTAINED!

This building currently includes two units, each with an approximate living area of 990 sq. ft. The units each feature 3 bedrooms, 1 bathroom, and a private balcony.

The large backyard offers remarkable development potential, perfect for various projects. A unique opportunity to seize!

Once renovated, the duplex could generate up to $2,500/month per unit, totaling a potential gross annual income of $60,000 (2 units 5 ½).

In the case of conversion into a quadruplex, the building could generate up to $2,200/month per unit, totaling a potential gross annual income of $105,600 (4 units 4 ½).

*These estimates depend on the buyer's project, the quality of renovations, and the rental market after the work. Verifications and obtaining permits will be the buyer's responsibility.*

**Please note that this property requires major renovations.**

***The seller has obtained the city permit to build 3 divided condos. Estimates and plans are available.***

[THE NEIGHBORHOOD]

Pointe-Saint-Charles is a dynamic neighborhood that combines the comfort of a pleasant residential environment with the proximity to all necessary amenities.

Transportation:

- Less than 2 minutes on foot from Charlevoix metro station.
- Several bus lines close to the property, including on Charlevoix Street.
- The Lachine Canal bike path is a must-visit route in the South-West.
- Close to the Victoria and Samuel-De Champlain bridges, highways 10 and 15.

Nearby Services and Leisure:

- Atwater Market: 4 minutes by car or bike, 13 minutes on foot for a pleasant walk in the neighborhood.
- Centre and Wellington Streets: local grocery stores, Maxi, IGA, pharmacies, banks, and restaurants.
- Costco: 8 minutes by car or bike on Bridge Street.

Green Spaces and Recreation:

- 2 minutes on foot from St-Gabriel Park, and close to Marguerite-Bourgeoys and Le Ber parks for enjoying nature in the city.
- 5 minutes on foot from the Saint-Charles Library and Recreation Centre (indoor pool and skating rink) and Carré Hibernia.
- CPE Pointe-Saint-Charles and primary schools Jeanne-LeBer, Charles-Lemoyne, and St-Gabriel right across.
- Universities: Quick access to McGill and Concordia by bus.
- St. Gabriel's House, a museum and historic site of Marguerite Bourgeoys's first school in Montreal (1658), which is still an active farm, with a museum and café.

*The room measurements on the plans were taken by mapping the rooms for the 3D tour. According to the provider, there is an approximate margin of error of about 3%.*

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