External facing:
- Brick
Foundation:
- Cast concrete
Frame:
- Concrete
920, terrasse des Promenades Drummondville (Drummondville) Centre-du-Québec
Annual and Monthly costs
Annual and Monthly revenues
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.
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.
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?
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.
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!
See our All about buying section.
Owners’ comments
Automated translation
Original comments
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 $107,520. In the short term, this purchase will be a real bargain. You can then refinance your building and recover a very large part of your down payment. One of the only ways to do a good job in today's real estate market.
Rareté sur le marché, un immeuble de 8 logements dans un quartier des plus prisé de Drummondville. Les locataires sont presque tous des retraités et le quartier y est propice. La quiétude, l'entraide et la sécurité y sont omniprésentes. Vous cherchez la paix d'esprit en tant que propriétaire, vous désirez d'excellents locataires et être payé toujours à temps, sinon même en avance, cet immeuble est pour vous. On y retrouve six logements de 5 ½ pièces et deux 3 ½. Construction 1993, séparation des étages par béton et quatre côtés en brique.
Une très grande possibilité d'optimisation des revenues, minimalement des revenues brut potentiels de 107 520$. À court terme, cet achat sera une vraie aubaine. Vous pourrez alors refinancer votre immeuble et récupérer une très grande partie de votre mise de fonds. L'une des seules méthodes de faire un bon coup dans le marché immobilier d'aujourd'hui.