External facing:
- Brick
- Canexel wood fibre siding
Foundation:
- Concrete block
Roof:
- Elastomer membrane
Floor coverings:
- Hardwood
Windows:
- Wood
Heating source:
- Electric
Electric system:
- 100 amps
- Fuses panel
Kitchen:
- Wooden cabinets
Bathroom:
- Bath and shower
Basement:
- Low (6 feet or under)
- Separate entrance
- Crawl space
Upgrades:
- Electrical
Parking / Driveway:
- Outside
- Crushed Gravel
Location:
- Highway access
- Near park
- Residential area
- Public transportation
Lot description:
- Flat geography
Near Commerce:
- Supermarket
- Drugstore
- Bank
- Restaurant
- Shopping Center
- Bar
Near Health Services:
- Hospital
- Dentist
- Medical center
- Health club / Spa
Near Educational Services:
- Daycare
- Elementary school
- High School
Near Recreational Service:
- Gym
- Library
Owners’ comments
Many renovations done and also under going.
In Quebec, the value of properties will continue to increase due to population growth.
Here is a building in Trois-Rivières generating an annual gross income of 15 960$, with taxes amounting to $1,925.84 per year. This represents an excellent opportunity for optimization and investment. Through market analysis, we have identified the best opportunity for this type of property. The building is fully rented with a 100% occupancy rate. Think about the housing shortage and act quickly!
I have a ratio of 11.85, which is very good compared to other buildings. Most of them have ratios of 12, 13, 14, or 16. To calculate this ratio, you divide the building's price by the gross income: $185,000 / $15,600 = 11.85. If you compare with other buildings, you'll notice they typically have a higher ratio. Feel free to check property sale websites to see for yourself and then discuss it with me.
Know that with an increase of $100 per month per rent, your ratio would come closer to mine.