Description

Land already divided into two separate cadastral lots, located just two streets from Lac Saint-Louis, in a quiet cul-de-sac. The property currently consists of a duplex occupied by two long-term tenants, generating over $2,000/month in rental income. Option to maintain the rental income or pursue a new construction project. Architectural plans are ready for two semi-detached 2-storey residences with a garage and mezzanine, subject to City approvals. The buyer must obtain approval from the P.C.U. Close to shops on Saint-Joseph Boulevard and the navigable lake. GIM actual : 20

A lot already subdivided into two separate cadastral lots,
just two streets from Lac Saint-Louis. Architect's plans
for two semi-detached two-storey homes with garage and
mezzanine are drawn up and ready to submit to the city, so
most of the groundwork is done. While the approvals come
through, the existing duplex already houses two tenants and
brings in over $2,100 a month, enough to cover a good share
of the waiting period. It sits on a quiet cul-de-sac with
direct access to the navigable lake, and the shops on
Saint-Joseph Boulevard are within walking distance.

The project calls for two brick two-storey homes with a
mezzanine. Each one has an integrated garage, two bedrooms
with walk-in closets, a family room and a basement. The
cadastral lots are already separated, so the only step left
before construction is submitting the application to
Lachine's Planning Advisory Committee (CCU).

In the meantime, the existing property keeps generating
income. It is a heritage duplex built in 1845, with a
dormer roof. Unit 221 (5½, 3 bedrooms, 2 bathrooms) rents
for $1,180 a month and unit 225 (3½, 1 bedroom) rents for
$950 a month. Both leases end on June 30, 2027.

The area: a quiet cul-de-sac in East Lachine, within
walking distance of René-Lévesque Park, the Lachine Front
Range Lighthouse, the Lac Saint-Louis marina and the shops
on Saint-Joseph Boulevard.

Whether the buyer wants to start construction right away or
keep the duplex rented while finalizing the plans, the
groundwork is already done.