4 bedrooms
4 bathrooms
Lot dimensions 4 359 ft² (404.96 m²)

Owners’ comments

Automated translation

Quadruplex with good tenants, no late payment. Very easy to rent until now.

All leases are signed until July 2020. Two apartments have been refurbished 2018-2019, spacious 3 1/2 open concept, modern, floor, kitchen, wardrobes, bathroom, plumbing, electricity, paint... everything is new.

A third housing is already very beautiful and very well divided, so has not been renovated by us. Same tenant for more than 2 years. The cost of this rent could be increased to $600/month in the same state as it is. It is currently $515 a month.

A fourth dwelling has been occupied for more than 30 years by an elderly, very stable tenant. However, this rent is not up to date and could be completely renovated to maximize income. It is currently $460 per month, while the rents we have renovated are now $660 and $700 per month. The rental income of the building can therefore be greatly optimized depending on the renovations you make.

Very little time to invest in the management of the building and tenants. We rarely receive calls from tenants.

The two rents we rebuilt also have plumbing and electricity redone.

The windows of the building will need to be changed in the next few years.

Roofing 2005, according to the statement of the seller of the former owners.

Electricity charges (Hydro Québec) are not included in the rent price, therefore at the expense of the tenants. Much simpler for owners.

Lawn mowing and snow removal service already established, so we can give you the contact details of the companies that already handle it.

We are two very honest owners and we will be happy to collaborate with any potential buyer to provide as much information as possible.

Reason for the sale of our building; we remain 1 hour drive from the building and we also want to move towards buying a multiplex with more than 6 units.

Complete Description
Complete Description

Property features

Asking Price
$349,000
Details
With income
Year of construction
1947
Building dimensions
2 728 ft² (253.44 m²)
General condition
Very good
Occupation rate
4
Certificate of Location
Yes
Number of parkings
2
Municipal evaluation's date
2019
Lot's municipal evaluation
$50,800
Building's municipal evaluation
$267,200
Taxes year
2019
1 Bedroom
4
Bedrooms (total)
1

External facing:

  • Brick

Foundation:

  • Rock

Frame:

  • Wooden dunnage

Roof:

  • Asphalt shingle

Floor coverings:

  • Laminate
  • Hardwood
  • Ceramic

Windows:

  • Wood

Heating source:

  • Electric

Electric system:

  • 125 amps

Features:

  • Ceiling fixtures
  • Blinds

Kitchen:

  • Melamine cabinets
  • Melamine wood imitation finish

Bathroom:

  • Bath and shower
  • Ceramic Shower

Basement:

  • Low (6 feet or under)
  • Separate entrance
  • Unfinished

Upgrades:

  • Addition
  • Cabinets
  • Kitchen
  • Electrical
  • Insulation
  • Floors
  • Plumbing
  • Doors
  • Bathrooms
  • Painting

Parking / Driveway:

  • Outside
  • Crushed Gravel

Location:

  • Residential area
  • Public transportation

Near Commerce:

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

Near Educational Services:

  • College

Near Recreational Service:

  • Gym
  • Sportif center
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Bathroom
Storey: Main floor
Dimensions: 12' x 7' (3,66 m x 2,13 m)
Flooring: Ceramic
Bedroom
Storey: Main floor
Dimensions: 11' x 12' (3,35 m x 3,66 m)
Flooring: Hardwood
Kitchen
Storey: Main floor
Dimensions: 12' x 12' (3,66 m x 3,66 m)
Flooring: Hardwood
Living room
Storey: Main floor
Dimensions: 10' x 18' (3,05 m x 5,49 m)
Flooring: Hardwood

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$34.58
$415.00
Municipal taxes
$375.92
$4,511.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$2,335.00
$28,020.00

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

$349,000

Quadruplex for sale

No. 875813

With income
Contact the owner
Contact the owner