3 bedrooms
8 bathrooms
8 half baths
Lot dimensions 364.6 m² (3 924.52 ft²)

Owners’ comments

Automated translation

Income building consisting of 7 large dwellings on 3 floors located directly in front of a nice park (Pines). Current and actual income is $44,000. Total expenses, including taxes, insurance, maintenance are $10,000. Net income $34,000.

Well located, this building has 7 large 5 1/2 units including 5 large 5 1/2 partially renovatedand 2 4 1/2 units refurbished. Also, you will have plenty of space due to a large cellar of about 2500 ft. Square on concrete of 6 ft and more and a storage room and concierge on the ground floor with toilet and shower . There have been several renovations done since then. Including the most recent, Doors, windows, galleries, insulation, cladding, about $30,000 renovation in 2016.

Current expenditures are $9000/year. And current revenues are $44/000/year, few require in maintenance. Building with net income in the order of $34,000. For serious buyer/investor. Very profitable building. Do your calculations, nothing comparable. Having several tenants and being from the outside, to arrange a full tour, you must submit a serious and accepted offer to purchase.

Complete Description
Complete Description

Property features

Asking Price
$329,000
Style
Link
Details
New price
Year of construction
1914
Building dimensions
2 200 ft² (204.39 m²)
General condition
Very good
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
North-East
Number of parkings
2
Municipal evaluation's date
2018
Lot's municipal evaluation
$23,700
Building's municipal evaluation
$251,300
Taxes year
2018
Mortgage balance
$150,000
2 Bedroom
2
3 Bedroom
5
Bedrooms (total)
3
Loft(s)
1

External facing:

  • Concrete
  • Canexel wood fibre siding
  • Vinyl Siding

Foundation:

  • Cast concrete
  • Concrete block

Frame:

  • Concrete
  • Wooden dunnage
  • Wooden part on part

Roof:

  • Gravel and asphalt
  • Elastomer membrane

Floor coverings:

  • Laminate
  • Hardwood
  • Ceramic

Windows:

  • PVC

Heating source:

  • Electric

Electric system:

  • 100 amps
  • 200 amps
  • Breakers panel

Features:

  • Ceiling fixtures
  • Stove

Basement:

  • Concrete
  • Unfinished
  • Potential income

Upgrades:

  • Cabinets
  • Heating
  • Kitchen
  • Electrical
  • Windows
  • Insulation
  • External facing
  • Floors
  • Plumbing
  • Doors
  • French doors
  • Bathrooms
  • Roof
  • Half bath

Parking / Driveway:

  • Aggregate
  • Double drive
  • Outside
  • Crushed Gravel

Location:

  • Highway access
  • Near park
  • Public transportation

Lot description:

  • Flat geography

Near Commerce:

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

Near Health Services:

  • Hospital

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School
  • College
  • University

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Open concept
Storey: Main floor
Dimensions: 10' x 12' (3,05 m x 3,66 m)
Flooring: Hardwood

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$62.52
$750.23
Municipal taxes
$518.13
$6,217.58
Insurance
$199.03
$2,388.41

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$3,595.00
$43,140.00

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.

$

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.

Moving ?
Your new home deserves
Cogeco.

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Ultrafast internet speeds

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The most flexible TV packages

Create your own My Mix package and select up to 40 channels of your choice or explore one of our ready-to-watch packages.

Reliable Home Phone

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

Exclusive TiVo® 4K PVR3

Get an enhanced TV experience with incredible features such as Integrated Search, and personalized recommendations.

Get connected to Cogeco’s powerful fibre optic network and enjoy the best Internet, TV, and Home Phone experiences paired with an award winning customer service.4

$329,000

6 units or more for sale

1704-1716 rue St-François-Xavier

Trois-Rivières (Trois-Rivières) Mauricie

No. 618061

New price
Contact the owner
Contact the owner