Buy opportunity before 2023 refinancing. Borough of Vieux Longueuil, income building with 12 apartments (8x5.5 - 3x4.5- 1x3.5). Turnkey - 2023-24 revenues: $151K, extensively renovated $2 450 000, June 2023 evaluation.

The owners have owned the building for 17 years. Many major renovations over the years. A major investment of $140k in the summer of 2022, all the siding of the building, fiberglass balconies, terraces, aluminum column, and bodyguard, has been redone plus complete caulking of the building.

Other building works (over $200k)

• Roof 2014
• Aluminum windows 2014
• Fire alarm system 2017
• Electrical circuit breakers 2017
• Full parking and Drain 2019
• New electrical entrance and independent meter for each dwelling in 2021
• Recent water heaters (4) centralized in the technical room

At apartment level

- The majority of the apartments have been renovated over time, the patio doors are very recent and in very good condition. 10/12 bathrooms have been renovated (porcelain and ceramic), the other 2 in very good condition,  floors are made of laminated and ceramic/porcelain.

- Apartment (no12) complete renovation sept2023.

- Electricity payable by tenants, hot water by owner.

- No pets and non-smoking accommodations.

- Easy rental, high demand in the area, location close to all services and public transport.

- Annual income 2023-24: $151k Real Expenses: $31k (SCHL: $48,9K)

- The building qualifies for APH Select and CMHC loan for 40+ years.

For any potential buyer:

• Initial contact by email only sylbars@icloud.com.
• Proof of availability of required funds.
• Real estate agent at buyer's expense.
• Visits to all dwellings and inspections only following an accepted offer to purchase (promise to purchase).
• The seller's declaration is available only with mortgage approval.
• The sale is made without a legal warranty of quality, at the risk and peril of the buyer.