3 bedrooms
Lot dimensions 8 950 ft² (831.48 m²)

Owners’ comments

Automated translation

Commercial and residential property generating gross revenues of approximately $53,000 per year in downtown Drummondville, close to the hospital.

On the first floor you will find an aesthetics centre, offices on the second floor and two units of 6 1/2 on the third floor, all rented. If desired, premises may be available for the buyer.

Taxes are applicable on the sale price.

This is very interesting for you investors.

Come and visit without delay. Call Yvon Grégoire at 450 888-1957.

Complete Description
Complete Description

Property features

Asking Price
$475,000
Details
With income
Year of construction
1934
Number of commercial units
2
Building dimensions
10 023 ft² (931.17 m²)
Certificate of Location
Yes
Number of parkings
10
Franchise
No
Municipal evaluation's date
2019
Lot's municipal evaluation
$83,200
Building's municipal evaluation
$364,800
Annual incomes
$53,000
Taxes year
2019

Lease:

  • With Lease

Foundation:

  • Cast concrete
  • Rock

Frame:

  • Wooden dunnage

External facing:

  • Brick

Floor coverings:

  • Laminate
  • Hardwood
  • Ceramic
  • Carpet

Roof:

  • Asphalt shingle

Windows:

  • PVC

Heating source:

  • Electric
  • Thermo-pump

Features:

  • Air Conditioning
  • Central Vacuum Cleaner
  • Fire Detector
  • External Lighting
  • Intercom
  • Conference Room
  • Municipal Services

Basement:

  • Separate entrance
  • Unfinished

Upgrades:

  • Electricity
  • Insulation
  • Floors
  • Plumbing
  • Roof

Parking / Driveway:

  • Asphalt

Location:

  • Near park
  • Public transportation
  • Near schools

Lot description:

  • Flat geography
  • Landscaped

Near Commerce:

  • Drugstore
  • Restaurant

Near Health Services:

  • Hospital

Near Educational Services:

  • Day nursery
  • Elementary school
  • High School

Near Recreational Services:

  • Library

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Other
Storey: Main floor
Dimensions: 56' x 76' (17,07 m x 23,16 m)
Flooring: Other

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Municipal taxes
$643.58
$7,723.00
School taxes
$77.25
$927.00
Electricity
$208.33
$2,500.00
Insurance
$203.00
$2,436.00

Property transfer duties

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

$

How to buy this property

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Did you know?

Whether you purchase a property from a homeowner or from a broker, the steps involved and the legal implications are the same. You’ll see that buying without an intermediary has many advantages!

Can I afford to buy this property?

Prior to visiting a property, you should verify whether you have the means to purchase it by meeting with a financial advisor. Don’t forget, you must have enough money to cover both a down payment and the expenses related to the transaction (notary, property transfer duties, etc.).

Is this property right for me?

Consult the listing to determine whether the property features meet your needs. If necessary, communicate with the homeowner to obtain additional information. You may then make an appointment with the homeowner for a visit and prepare a list of questions to ask him.

Do I need to conduct a property inspection?

Verifying the condition of the property prior to purchasing it is a good precaution to take. In order to do so, you can hire a home inspector. He will intervene at a later date. Be prepared to add the inspection conditions to the offer to purchase.

How much should I offer?

Easily familiarize yourself with the market by visiting DuProprio.com and by verifying the price that comparable properties in the area have sold for. You’ll get a better idea of how much you should offer. You can also hire a licensed appraiser.

FBD300AC-7746-4E68-A20C-3F23471BB772
How do I proceed with an offer to purchase?

Have a discussion with the homeowner in order to come to an agreement on the price, the conditions of the sale and the possession date. You can then complete the offer to purchase form.

Thanks to DuProprio, the seller benefits from a legal assistance service and can ask their legal questions in order to properly complete the document.

The sale will be sealed with a notary, but until then, nothing prevents you from consulting a notary to write-up an offer to purchase. Once the deed of sale is drafted, you will be the new homeowner!

Documents - Offer to purchase and counteroffer

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$475,000

Commercial building for sale

No. 810506

With income
Contact the owner
Contact the owner