Quintuplex for sale Lachine, $539,000

#307331 | 315, 14 Avenue

Front - Semi-detached, Brick Front Side & Back

Panorama 360 ×

Owner's comments

Annual revenue: $37,500 (FY2012) + $3,000 potential rent from garages. Ideal for investor.

Featured appartments: 2x5 1/2, 2x 3 1/2, 1x6 1/2.

Walking distance to Lachine Canal, and College Ste-Anne.  Minutes away to highway 520; 12 minutes to downtown.

Many upgrades include; new roof (2005), new patio doors (front and back) in 2008, new windows (front and 2 in back) in 2011.

Upgrades in appartments include; new tiles in 3 kitchens and 2 bathrooms, countertops, etc.

6 1/2 has finished basement for playroom or 4th bedroom.

Washer and dryer area in kitchen.

Tenants pay electricity and heating.

Locker area for tenants.

Garage separate from main building; driveway leads to garage in the back. Garages can be rented separately+

Property features

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315, 14 Avenue, $539,000
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  • Style : Semi-detached
  • Asking Price : $539,000
  • Details : With income
  • Building dimensions : 12.2x12.87 m (40.03x42.22 ft)
  • Year of construction : 1978
  • General condition : Very good
  • Zoning certificate : No
  • Lot dimensions : 15.27x30.63 m (50.10x100.49 ft)
  • Municipal evaluation's date : 2011
  • Building's municipal evaluation : $553,000
  • 1 Bedroom : 2
  • 3 Bedroom : 2
  • 4 Bedroom and more : 1

Other details :

  • External facing :
    • Brick
  • Floor coverings :
    • Hardwood
  • Windows :
    • Aluminium
  • Heating source :
    • Electric
  • Features :
    • Shed
  • Basement :
    • Potential income
  • Garage :
    • Detached

Mortgage payments

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Phone : 514-241-7440

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Annual and Monthly costs

Expenses summary Monthly Annual
Mortgage
Municipal taxes $525.92 $6,311
School taxes $100 $1,200
Electricity $20.25 $243
Insurance $100 $1,200
Total known costs $746.17 $8,954
Income Summary Monthly Annual
Revenues $3,125 $37,500
Expenses totalIncome totalTotal income $2,378.83 $28,546

Transfer taxe

In Quebec, the transfer tax is a tax that all municipalities must collect from the new owner (buyer) of a property

Transfer tax amount : ?

How to buy this property

So you decided you like this property and would like to make an offer.

Here are the steps.

  1. 1. Financing and Pre-approved Mortgage

    As soon as possible in your buying process, make sure you can get the necessary financing to acquire the property. Consult a financial advisor and/or get a pre-approved mortgage. You will then know the exact amount of the loan that your financial institution is willing to lend you.

  2. 2. Visit and Inspection

    When you have visited the property one or more times and you have made your decision, you will want to hire a home inspector to ensure that the property is in good condition. The inspector will check for defects and will provide a detailed inspection report. You will then know if there is work to be done and, in certain cases, you will have an estimate of how much it will cost to undertake them.

    You can make an Offer to Purchase that is conditional upon obtaining a satisfactory inspection report (see next step).

  3. 3. Negotiating and Offer to Purchase

    For information on finalizing the transaction and making an Offer to Purchase, click here (http://www.comfree.com/buy/steps/legal).

  4. 4. Finalizing the Transaction at the Notary

    When the offer has been accepted and the conditions fulfilled, you must choose a notary to complete the transaction. The seller must provide the notary with the property titles.

    The notary will then contact both parties to schedule a meeting in accordance with the timeframe you specified in the Offer to Purchase.

    Once this step is completed, you can consider the property yours!

We're here to help

François

Web Developer

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Fireplace
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