$519,000 Lachine

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. 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.


INCLUSIONS
according to the lease

EXCLUSIONS
according to the lease