12 bedrooms
7 bathrooms
1 half bath
Lot dimensions 498.2 m² (5 362.58 ft²)

Owners’ comments

Very good investment opportunity.

Building in excellent condition and very profitable. 8 dwellings divided into 5 dwellings of 4 1/2, 2 dwellings of 3 1/2 and 1 commercial space, all rented with leases. Located in downtown Plessisville. Several renovations were effected in 2017; stairs and gutter and arrangement of concrete entrances. In 2015, replacement of hot water tanks and all the thermos of the windows. In 2013, improvement of the commercial storefront. In 2010, installation of lockers in the basement and urethane basement insulation for better energy savings. In 1999, renovation work was done for the entire building; exterior cladding, windows, doors, plumbing and electricity have been redone. Electric heating and individual entrance for each apartment. Apartment always very well maintained and rented. Assessed market value $351,000. Last assessment date 26-05-2014.

Complete Description
Complete Description

Property features

Asking Price
$365,000
Details
Quick occupancy possible
Year of construction
1940
Building dimensions
472.28 m² (5 083.58 ft²)
General condition
Very good
Occupation rate
100
Certificate of Location
Yes
Number of parkings
7
Municipal evaluation's date
2018
Lot's municipal evaluation
$15,900
Building's municipal evaluation
$247,500
Taxes year
2018
1 Bedroom
2
2 Bedroom
5
Bedrooms (total)
12
Commerce(s)
1

External facing:

  • Vinyl Siding
  • Smart Panel

Foundation:

  • Concrete block
  • Rock

Frame:

  • Wooden part on part

Roof:

  • Sheet metal

Floor coverings:

  • Concrete
  • Laminate
  • Ceramic
  • Linoleum

Windows:

  • PVC

Heating source:

  • Electric
  • Thermo-pump

Electric system:

  • 100 amps
  • 125 amps
  • 200 amps
  • 60 amps
  • Breakers panel

Kitchen:

  • Melamine cabinets

Bathroom:

  • Bath and shower

Basement:

  • Concrete

Upgrades:

  • Electrical
  • Windows
  • Insulation
  • External facing
  • Plumbing
  • Basement
  • Gutters
  • Painting
  • Terrace

Parking / Driveway:

  • Outside
  • Crushed Gravel

Location:

  • Highway access
  • Near park
  • Public transportation

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center
  • Bar

Near Health Services:

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

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School
  • College

Near Recreational Service:

  • Golf course
  • Gym
  • Sportif center
  • Library
  • Museum
  • ATV trails
  • Ski resort
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Apartment kitchen
Storey: Main floor
Dimensions: 12' x 10' (3,66 m x 3,05 m)
Flooring: Linoleum
Apartment living room
Storey: Main floor
Dimensions: 10' x 8' (3,05 m x 2,44 m)
Flooring: Laminate
Apartment bedroom
Storey: 1st floor
Dimensions: 12' x 10' (3,66 m x 3,05 m)
Flooring: Laminate
Apartment bedroom
Storey: 1st floor
Dimensions: 12' x 10' (3,66 m x 3,05 m)
Flooring: Laminate
Apartment kitchen
Storey: 1st floor
Dimensions: 12' x 10' (3,66 m x 3,05 m)
Flooring: Linoleum
Apartment living room
Storey: 1st floor
Dimensions: 10' x 8' (3,05 m x 2,44 m)
Flooring: Laminate

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$56.66
$679.94
Municipal taxes
$557.45
$6,689.42
Electricity
$83.33
$1,000.00
Maintenance fees
$83.33
$1,000.00
Insurance
$241.16
$2,893.95

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$3,335.00
$40,020.00

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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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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$365,000

6 units or more for sale

1440 avenue Saint-Louis

Plessisville Centre-du-Québec

No. 513629

Quick occupancy possible
Contact the owner
Contact the owner