7 bedrooms
5 bathrooms
3 half baths
Lot dimensions 532.5 m² (5 731.78 ft²)

Owners’ comments

Automated translation

Magnificent well maintained quadruplex located near a huge park in a residential area.

Shawinigan is a city with growing economic potential.

The cost of income-generating buildings remains very attractive, but will soon increase due to the anticipated economic boom.

Revenues of $2,010 per month are guaranteed by the owner until June 30, 2021.

The property is well located; close to all utilities.

The building is well maintained and constantly renovated :

  • Most of the windows were replaced, 3 of which were PVC in 2019.
  • Replacement chimney cap as well as 2 maximum ventilation.

The dwellings benefited frommajor renovations between 2016 and 2017:

  • Roofing renovation in 2009.
  • Fireplace renovation in 2018.

The owner lives 200 km away, a little far away to take care of it... Otherwise, the building is a very profitable investment.

Complete Description
Complete Description

Property features

Asking Price
$156,780
Details
With equipment
Year of construction
1956
Building dimensions
20.64x9.98 m (67.72x32.74 ft)
General condition
Excellent
Occupation rate
4
Certificate of Location
Yes
Courtyard orientation
South-East
Number of parkings
4
Municipal evaluation's date
2017
Lot's municipal evaluation
$12,500
Building's municipal evaluation
$123,400
Taxes year
2019
Mortgage balance
$101,000
Studio
1
2 Bedroom
2
3 Bedroom
1
Bedrooms (total)
7

External facing:

  • Aluminium Siding
  • Brick

Foundation:

  • Concrete block

Frame:

  • Wooden dunnage

Roof:

  • Asphalt shingle

Floor coverings:

  • Hardwood
  • Ceramic

Windows:

  • Aluminium
  • French Window
  • PVC

Heating source:

  • Wood stove
  • Hot water
  • Electric

Electric system:

  • 200 amps

Features:

  • Shed
  • Fireplace
  • Ceiling fixtures
  • Window coverings
  • Main floor laundry
  • Blinds
  • Alarm system

Kitchen:

  • Raised panel maple
  • Melamine cabinets
  • Island
  • Stove
  • Fridge

Bathroom:

  • Whirlpool Bath Tub
  • Bath and shower
  • Two sinks
  • Ceramic Shower
  • Separate Shower

Basement:

  • Totally finished

Upgrades:

  • Windows
  • Insulation
  • Floors
  • Plumbing
  • Roof
  • Painting

Parking / Driveway:

  • Asphalt
  • Double drive

Location:

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

Lot description:

  • Panoramic view
  • Flat geography
  • Corner lot
  • Patio/deck
  • Landscaped

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
  • ATV trails
  • Ski resort
  • Bicycle Path

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$19.33
$232.00
Municipal taxes
$308.33
$3,700.00
Non-residential surface
$25.54
$306.50
Heating
$373.25
$4,479.00
Maintenance fees
$38.25
$459.00
Insurance
$129.00
$1,548.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$2,010.00
$24,120.00

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.

$

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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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$156,780

Quadruplex for sale

No. 635030

With equipment
Contact the owner
Contact the owner