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

Owners’ comments

Automated translation

At only 5.7 times the revenues of $240,240 per year, the sale price compares very favourably with the other 4 plexes in the sector that sell up to 8 times the revenues and more. Yet net income remains at $13,000/year.

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 buildings is still very attractive, but will soon increase due to the anticipated economic boom.

Revenues of $2,020 per month are guaranteed by the owner until June 30, 2021.

The property is well located; close to all public services.

The building is well maintained and constantly renovated :

  • majority of windows were replaced, including 3 in pvc in 2019.
  • Chimney cap replacement as well as 2 maximum ventilation.

The houses benefited frommajor renovations between 2016 and 2017:

  • Roofing renovation in 2009.
  • Home 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
$138,900
Details
Updated price
Year of construction
1956
Building dimensions
67.72x32.74 ft (20.64x9.98 m)
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

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.

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Create your own TV package, select up to 40 channels of your choice and change them up every month.

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Enjoy unlimited local calling, affordable long distance rates and a full range of calling features while keeping your current phone number.

A world where you come first

Enjoy the local customer service experience you deserve with the support of knowledgeable representatives who are available 7 days a week.

It’s easy to install our services yourself with our self-install kit.

$138,900

Quadruplex for sale

No. 635030

Updated price
Contact the owner
Contact the owner
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