24 bedrooms
13 bathrooms
1 half bath
Lot dimensions 427.4 m² (4 600.50 ft²)

Owners’ comments

Automated translation

14Plex located in the city center near Parc Saint-Maurice. 3 faces brick. The land has an area of 427.4 m2, and the building is on 4 floors and the living area is 925.20 m2.

1 x 6&1/2

3 x 5&1/2

6 x 4&1/2

3 x 3&1/2

1 commercial office (2 rooms and a shower room)

Very good income!!!

Excellent capitalization!!!

Current revenues of $4245 per month, or $50,940 per year.

Potential revenues of $6060 per month, or $72720 per year.

10 occupied dwellings + 3 vacant dwellings + office vacant

The current tenants have been there for several years. Each dwelling at its electricity meter and 3 tenants are responsible for their electricity expenses. For the remainder (7 tenants), electricity and heating costs are borne by the owner (see ?costs? section for details).

Sold without legal warranty.

The city of Shawinigan offers excellent economic boom potential over the next 6 to 10 years.

There are many recent investments: installation of CGI, a new marina, a lithium mine needed for the production of electric vehicle batteries, more and more small technology companies attracted by the presence of CGI, the Digihub Shawinigan and the Centre d'Entrepreneurship Alphonse-Desjardins Shawinigan designed specifically for the emergence of the 3rd pole of digital in Quebec.

Complete Description
Complete Description

Property features

Asking Price
$347,000
Details
Firm
Year of construction
1957
Building dimensions
925.2 m² (9 958.77 ft²)
General condition
Standard
Occupation rate
85
Certificate of Location
Yes
Number of parkings
2
Municipal evaluation's date
2018
Lot's municipal evaluation
$21,400
Building's municipal evaluation
$322,400
Taxes year
2017
1 Bedroom
3
2 Bedroom
8
3 Bedroom
2
Bedrooms (total)
25
Commerce(s)
1

External facing:

  • Brick

Foundation:

  • Cast concrete
  • Concrete block

Roof:

  • Gravel and asphalt
  • Elastomer membrane

Windows:

  • Wood
  • PVC

Heating source:

  • Hot water
  • Electric
  • Natural gas

Basement:

  • None

Location:

  • Highway access
  • Public transportation

Lot description:

  • Corner lot

Near Commerce:

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

Near Health Services:

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

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Open concept
Storey: Other
Dimensions: 88' 7" x 49' 3" (27 m x 15 m)
Flooring: Laminate

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$57.92
$695.00
Municipal taxes
$939.50
$11,274.00
Electricity
$402.75
$4,833.00
Heating
$354.17
$4,250.00
Insurance
$363.08
$4,357.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$4,285.00
$51,420.00

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

Moving ?
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$347,000

6 units or more for sale

No. 872187

Firm
Contact the owner
Contact the owner