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
Mortgage
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.

$

How to buy this property

Found your dream home? Here’s a summary of steps to follow to become a homeowner. For detailed information, click here:

Buy on DuProprio.com
Did you know?

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

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$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