3 bedrooms
1 bathroom
Lot dimensions 9 355.99 ft² (869.2 m²)

Owners’ comments

Automated translation

A

rarity on the market, an 8-unit building in one of the most popular neighborhoods in Drummondville. The tenants are almost all retirees and the neighborhood is ideal for this. Peace, mutual aid and security are omnipresent. You are looking for peace of mind as an owner, you want excellent tenants and you want to be paid always on time, if not even in advance, this building is for you. There are six 5 ½ room units and two 3 ½ rooms. Construction 1993, separation of floors by concrete and four brick sides.

A very great possibility of optimizing revenues, at least potential gross revenues of $107,520. In the short term, this purchase will be a real bargain. You can then refinance your building and recover a very large part of your down payment. One of the only ways to do a good job in today's real estate market.

Complete Description
Complete Description

Property features

Asking Price
$1,650,000
Details
With income
Year of construction
1993
General condition
Very good
Certificate of Location
Yes
Courtyard orientation
South-West
Taxes year
2024
1 Bedroom
2
3 Bedroom
6
Bedrooms (total)
20

External facing:

  • Brick

Foundation:

  • Cast concrete

Frame:

  • Concrete

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Other
Storey: Other
Dimensions: 39' 2" x 62' 2" (11,93 m x 18,96 m)
Flooring: Concrete

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Land taxes
$891.08
$10,693.00
Electricity
$51.75
$621.00
Insurance
$219.00
$2,628.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$6,998.00
$83,976.00

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.

$1,650,000

6 units or more for sale

920, terrasse des Promenades

Drummondville (Drummondville) Centre-du-Québec

No. 1065215

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