38 bedrooms
19 bathrooms
1 half bath
Lot dimensions 23 512 ft² (2 184.34 m²)

Owners’ comments

Multiplex, 18 units shared between 4 buildings. Including: Commercial storage revenu(garages & lockers), parking with U-shaped double access, 6 mini-gardens, a dog-run and perennial landscaping. 3 Gaz furnace maintenance, 2 fire alarm systems inspected and localisation certificates 2024. Price reflecting Certified Evaluation 2024(Many renos done after evaluation: 15-20 000$ worth).

*Please see Cost tab for expenses vs income

Lower rents than median prices in Drummondville. Strong potential for fast return on investment!

*Please note that I cannot provide legal warranty for buildings built in 1940. Approximatly 200 000$+ invested in renovation in last 11 years.

Certifed evaluations & localisation certificates 2024 to facilitate financing. Environemental report available for 162-206.

For serious investors, 1rst contact by phone for more informations.

____________

1st building: 5 units, 156AB-158AB-160 du Moulin, DMV, Qc.

  • 800$/month 1xbachelor: basement level, completely redone 2024, floating floor in main living space. Including: washer/drawer combo(2023), heated&lite, no parking.
  • 1420$/month 1 immense 6 1/2+ on 2 levels(see pictures): Basement & 1rst floor. Including: heating/light, 1 car garage, 1 square patio.
  • 1000$/month 1xbig 4 1/2 Complete 2nd floor including 4-piece bathroom with a therapeutic bathtub.
  • 810$/month 1xsmall 4 1/2(see pictures) 3rd floor: renovated 2022.
  • 1010$/month 1x3 1/2(see pictures)3rd floor (redone in 2022-2023) including: heating/light, 4 household appliances, internet/cable&phone, no parking.
  • Brick exterior, aluminum siding(covered lockers & staircase at the back).
  • Flat roof: membrane. Good condition: Direct West wind clears any accumulation.
  • Fiberglass balconies with caped wood posts and aluminum railing.
  • Wood structure red oak. Pored concrete foundation.
  • Wall finishing with painted plastered roughcast, wood molding, hardwood floors, and ceramic floors in bathrooms. 
  • A 2nd non-return valve installed 2023 and main drain partially changed in ABS 2023.
  • Cellulose insulation ''attic roof'' 2024. Loads of windows changed by previous owner between 2010-2018.
  • Small individual garden for each apartment from this building at the back.
  • 2 car garage: connected to 156 electricity(owner's charge)
  • Electrical entrance in covered staircase at the back: 400Amp with through. 4xhydro meter: 3x100Amp, 1x150Amp or 200Amp.
  • 4x40gallon hot water thank in basement.
  • 1 gas furnace/hot water heating system in basement, heat bachelor & 6 1/2. Changed/rented in 2017 and re-bought 2024.

__________________

2nd building: 6 plex: 162AB-164AB-166AB du Moulin, DMV, Qc.

  • 4 x 4 1/2(see pictures)2nd&3rd floor: 630$(no parking, 1 mini-garden), 815$, 830$ + 1 parking 25$/month, 830$(stat. with Tesla plugin).
  • 800$/month 1 x 3 1/2 1frst floor: washer/drawer 2023, heating/light.
  • 1725$/month 1ximmense 6 1/2+ 1rst floor and entire basement : Bi-generational or boarding house style. 6 household appliances, heated&lite. Integration of large E-Gress windows and entire basement reno in 2014.
  • Brick exterior, aluminum siding(covered lockers & staircase at the back).
  • Flat roof: membrane. Good condition: Direct West wind clears any accumulation.
  • Fiberglass balconies with caped wood posts and aluminum railing.
  • Wood structure red oak. Pored concrete foundation.
  • Wall finishing: painted plastered roughcast, wood molding, hardwood floors.
  • Ceramic bathroom floors in 1rst & basement. Terazzo flooring in 2nd&3rd floor.
  • Double windows: Wood/Aluminum. Single pane windows in locker and solarium.
  • Plumbing in all bathrooms redone 2010. Basement plumbing redone 2014.
  • Roof drain pipe redone almost completely 2023(2 feet to change to the roof).
  • Electrical entrance in basement 400Amp with through: 7 hydro meter 100Amp.
  • 6 water tank: 1x60gallon, 5x40gallon.
  • 1 Gas Furnace/hot water heating system changed/rented in 2017 re-bought 2024, Heat 1rst floor & basement.

___________________

Building 3: 3 Garages, 10 storage units, 1 res. unit, 172ABCD-176 du Moulin, DMV, Qc.

  • Rez-de-chaussé 9 portes de garages(plus de 2000pi2 d'entreposage): 2 x garage simple(loué au mois à 150$/mois/chacun), 1 x 3 garages chauffé/éclairé avec salle fournaise 250pi2(calculé à 600$/mois proprio jusqu'à libération). 9x entrepôts entre 12'x16'/8'x10'(présentement 8 loués au mois à 100$/mois/chacun).
    2e étage: 1 entrepôt 23'x50' avec salle d'eau de service et monte/charge électrique(proprio, calculé à 100$/mois jusqu'à libération).
    2e étage: 1 x immense 6 1/2 +(rénové en 2017)dont une chambre 23'x20', chauffé/non-éclairé(électricité payé par locataires), loué 930$/mois + 1 stat. supp. à 25$/mois, entré gaz pour cuisinière et nouvelle hotte(2018).
  • Revêtement acrylique(2013).
  • Toit plat membrane élastomère: Accumulation eau parfois, coupe sapin av. vente.
  • Petite galerie bois au 2eme, encrage d'acier pour galerie toute la longueur(2013).
  • Structure HBeam acier, blocs de béton, structure du plancher 2x4 rought sur le côté
  • Plafond garages: isolé 4'' uréthane giclé et 1'' isolant par-feu(isolation 2012).
  • Finition logement(2016-17): 1/2 gypse 1/2 préfini peint blanc, plancher flottant. Plancher salle de bain et cuisine en céramique. Bains/douche céramique.
  • Au 2eme: Fenêtres double bois, porte Aluminium Isolé, dble bois, simoe bois.
  • Au r-de-c: Portes de garage bois et vitre simple. Vitre double Porte #3-4-5.
  • Electrical entrance(2013)bid 400Amp, 5 hydro meters:(1x200Amp & 4x100amp)
  • 1x40gallon water heater tank(2nd floor renters responsibility)
  • 1 Gas Furnace/hot water heating system changed/rented in 2017 re-bought 2024, Heat 1rst floor & basement.

_____________________

Building 4: 6 plex, 202-204ABCD-206 du Moulin, DMV, Qc.

  • 6 x 4 1/2(see pictures)*Typical in 3D visit: 840$, 670$(pas stat.), 615$(pas stat.), 645$, 625$, 660$.
    Basement service(202A): 6xlockers for rent 75$/month/each(3TB emptied owner)
  • Brick exterior, aluminum siding(covered lockers & staircase at the back).
  • Flat roof: membrane. Good condition: Direct West wind clears any accumulation.
  • Wood balconies: 1rst floor boards redone 2021 in ceder.
  • Wood structure red oak. Pored concrete foundation.
  • Wall finishing: painted plastered roughcast, wood moulding, hardwood floors. Ceramic and claw-foot tubes in all bathrooms. Closed-in separates laundry rooms.
  • Double windows: Wood/Aluminum. Single pane windows in locker and solarium.
  • Plumbing in all bathrooms redone 2007-2009. Laundry room plumbing redone 2012.
  • Electrical entrance in basement 400Amp with through: 7 hydro meter, 7x100Amp.
  • 6x40gallon water tank.
  • All tenant responsible for own hydro exception basement lockers heated&lite.

______________

20 parking total, 15 in use. Potential of renting parking for 25-50$/monthly. 5 empty ones can by rented monthly for extra 25-50$/monthly/each. Warning: there is 5 apartments now without vehicle.

 

Complete Description
Complete Description

Property features

Asking Price
$2,885,000
Details
With income
Year of construction
1940
General condition
Very good
Occupation rate
99
Certificate of Location
Yes
Courtyard orientation
West
Number of parkings
20
Municipal evaluation's date
2022
Lot's municipal evaluation
$255,600
Building's municipal evaluation
$1,482,700
Taxes year
2024
Bachelor
1
1 Bedroom
2
2 Bedroom
12
4 Bedroom and more
3
Commerce(s)
19

External facing:

  • Acrylique resin
  • Brick
  • Sheet metal

Foundation:

  • Cast concrete

Frame:

  • Steel
  • Concrete
  • Wooden dunnage

Roof:

  • Asphalt shingle
  • Elastomer membrane
  • Sheet metal

Floor coverings:

  • Concrete
  • Laminate
  • Hardwood
  • Ceramic
  • Linoleum
  • Carpet
  • Terrazzo

Windows:

  • Aluminium
  • Wood
  • PVC

Heating source:

  • Hot water
  • Electric
  • Natural gas

Electric system:

  • 100 amps
  • 200 amps
  • Breakers panel

Features:

  • Shed
  • Furnace
  • Ceiling fixtures
  • Alarm system
  • Ventilator

Kitchen:

  • Wooden cabinets
  • Melamine cabinets
  • Pine cabinets
  • Dishwasher
  • Stove
  • Fridge

Bathroom:

  • Bath and shower
  • Claw Foot Bathtub
  • Therapeutic bath
  • Separate Shower

Basement:

  • Totally finished
  • Partially finished
  • Separate entrance
  • Potential income

Upgrades:

  • Cabinets
  • Heating
  • Electrical
  • Windows
  • Insulation
  • External facing
  • Floors
  • Plumbing
  • Bathrooms
  • Basement
  • Gutters
  • Painting
  • Half bath
  • Terrace
  • Landscaping

Garage:

  • Heated
  • Detached
  • Insulated
  • Triple or more
  • Garage door opener

Parking / Driveway:

  • Aggregate
  • Asphalt
  • Outside

Location:

  • Highway access
  • Near park
  • Public transportation

Lot description:

  • Panoramic view
  • Flat geography
  • Fenced
  • Patio/deck
  • Landscaped

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Bar

Near Health Services:

  • Hospital
  • Dentist
  • Medical center
  • Health club / Spa

Near Educational Services:

  • Daycare
  • Elementary school
  • High School
  • University

Near Recreational Service:

  • Gym
  • Sportif center
  • Library
  • Museum
  • Bicycle Path

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$98.17
$1,178.00
Municipal taxes
$1,630.25
$19,563.00
Electricity
$444.92
$5,339.00
Heating
$404.83
$4,858.00
Maintenance fees
$1,000.00
$12,000.00
Insurance
$1,166.67
$14,000.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$18,030.00
$216,360.00

The steps involved in buying a property

Could this property be “the one”? Here’s an overview of the steps involved in becoming the owner. These steps and the legal implications remain the same whether the property is purchased from an individual or through a broker.

1
Financing

One of the first things to do when looking for a property is to get a mortgage preapproval from a financial institution. The goal is to determine borrowing capacity, and as a result, the price range to be looking in.

2
Offer to purchase

The property suits the budget and needs? Time to submit an offer to purchase! This document sets out the price, the elements included in the sale, the possession date, the conditions of purchase and all other information relevant to the sale.

Need the form?

Documents to download

3
Conditions of purchase

The offer to purchase generally includes conditions. The most common are the property passing an inspection, the buyer providing proof of financing and the buyer selling their own property. Once the listed conditions are met, the property is considered sold.

4
Property transfer

The last step is to see a notary, who is generally chosen by the buyer. This real estate professional drafts the deed of sale and ensures that the interests of all parties involved are respected.

Once the deed of sale is notarized, the new owner gets the keys to the home. All that’s left is to move in!

More details on these steps

See our All about buying section.

$2,885,000

6 units or more for sale

156-206, rue du Moulin Drummondville (Drummondville) Centre-du-Québec

No. 1078985

With income
Contact the owner Select the desired contact option among those that have been activated:
Send a message

Are you a real estate agent?

This person is registered on the National Do Not Call List (DNCL).

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.

Contact the owner Select the desired contact option among those that have been activated:
Send a message

Are you a real estate agent?

This person is registered on the National Do Not Call List (DNCL).

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.