3 bedrooms
1 bathroom
Lot dimensions 15,587.2 ft² (1,448.1 m²)

Owners’ comments

Automated translation

COWANSVILLE INCOME BUILDING

Excellent opportunity for an investor! Quadruplex offering 4 5 ½ units, all currently rented, with rental income of $5,635 per month, or $67,620 per year.

The building benefits from already established rental income and represents a great opportunity to acquire an income-generating property with several works already carried out and an interesting potential to continue optimizing rental income over

time.

CURRENT RENTAL INCOME

Unit 1 5 ½: $1,435/month Unit 2 5 ½: $1,370/month
Unit 3 5 ½: $1,370/month Unit 4 5 ½: $1,460/month
Annual Expenses Insurance: $3,272.52 School tax: $3,272.52 School tax: $410.12 Municipal tax: $410.12 Municipal tax: $410.12 Municipal tax: $1,370/month
Unit 3 5 ½: $1,370/month Unit 4 5 ½: $1,460/month Annual

expenses

Insurance: $3,272.52 School
tax: $410.12 Municipal tax: $410.12 Municipal tax: $410.12 Municipal tax: $5,887.83 Municipal
tax: $5,887.83 Municipal tax: $5,887.83 Municipal tax:
$5,887.83/month Unit 3 5 ½:
$1,370/month Unit 4 5 ½: $1,460/month Annual expenses Insurance:
$3,272.52 School tax: $410.12

Complete Description
Complete Description

Property features

Asking Price
$1,014,000
Year of construction
2004
Building dimensions
55x42 ft (16.76x12.80 m)
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
West
Number of parkings
8
Annual income
$67,620.00
3 Bedroom
4

External facing:

  • Vinyl Siding

Foundation:

  • Cast concrete

Roof:

  • Asphalt shingle

Heating source:

  • Electric

Kitchen:

  • Melamine cabinets

Bathroom:

  • Bath and shower

Upgrades:

  • Cabinets
  • Kitchen
  • Floors
  • Bathrooms
  • Painting

Parking / Driveway:

  • Aggregate

Location:

  • Highway access
  • Near park
  • Residential area
  • Public transportation

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center

Near Health Services:

  • Hospital
  • Dentist
  • Health club / Spa

Near Educational Services:

  • Daycare
  • Elementary school
  • High School

Near Recreational Service:

  • Gym
  • ATV trails

Municipal services:

  • Aqueduct

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$34.18
$410.12
Municipal taxes
$490.65
$5,887.83
Maintenance fees
$75.00
$900.00
Insurance
$272.71
$3,272.52
Lease fees
$62.75
$753.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$5,635.00
$67,620.00

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.

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.

Download the legal documents that you need

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$1,014,000

Quadruplex for sale

1228 rue du Sud Cowansville Estrie

No. 1143206

Are you interested in this property?
Here’s how to contact the owner
Send a message
Are you interested in this property?
Here’s how to contact the owner
Send a message