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2 bedrooms
1 bathroom
Lot dimensions 12 690 ft² (1 178.94 m²)

Owners’ comments

ST-CONSTANT - Income building with 8 units (4 1/2 - 925 sq. ft. each) Excellent condition.               $1,525,000

The building built in 1986, has been very well maintained with several capitalization projects. The parking lot was redone in 2015 with concrete sidewalks and a concrete slab for the garbage can. All 8 bathrooms were completely redone in 2018-2019 (reconstruction and work photo document available).

Features:

  • Parking lot redone (excavation/foundation/pavement) 2015
  • Bathroom (8) completely redone from the structure including windows 2018-19
  • 4 units renovation 2019
  • Main entrance door replaced 2019
  • Interior entrance landing replaced 2015
  • Renovation Front and back balcony, fiber (2015)
  • Roofing 2010
  • Several Patio doors and windows replaced in the last few years
  • Master key for the owner (apartments/service rooms)
  • 12 parking spaces, 4 of which are paid ($20/month)
  • Laminated/floating laminate and ceramic floor
  • Non-smoking environment (Clause in leases)
  • Owner of the building for over 15 years
  • Cadastre #3 136 390

Very good tenants, calm and reliable, sought-after units, and extremely easy to rent (100% occupancy). All electricity costs are the responsibility of the tenants. Excellent upside potential with market at $900-$950+/month ($90,000+/year) for area comparables. 

  •  Potential annual income as of July 1, 2022: $79,800+.
  •  Annual expenses: $19,280 (taxes/insurance/Hydro/container/snow removal/gas)

For any potential buyer:

  • We will consider All offers and analyze them
  • Realtor at buyer's expense only
  • Visits of all rental units and inspection with accepted offer to purchase only
  • Seller's declaration available only with mortgage approval

                        For the first contact, please send me an email

                                         ddelisle1969@gmail.com

 

Complete Description
Complete Description

Property features

Asking Price
$1,525,000
Details
Updated price
Year of construction
1986
Building dimensions
1 850 ft² (171.87 m²)
General condition
Excellent
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
East
Number of parkings
12
Municipal evaluation's date
2017
Lot's municipal evaluation
$291,900
Building's municipal evaluation
$584,400
Taxes year
2021
2 Bedroom
8
Bedrooms (total)
2

External facing:

  • Aluminium Siding
  • Brick

Foundation:

  • Cast concrete

Frame:

  • Wooden part on part

Roof:

  • Gravel and asphalt

Floor coverings:

  • Laminate
  • Ceramic

Windows:

  • Aluminium
  • PVC

Heating source:

  • Electric
  • Radiant

Electric system:

  • 125 amps

Kitchen:

  • Wooden cabinets

Bathroom:

  • Bath and shower

Upgrades:

  • Windows
  • Floors
  • Doors
  • Bathrooms

Parking / Driveway:

  • Asphalt
  • Concrete
  • Outside

Location:

  • Residential area

Lot description:

  • Corner lot

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Balcony
Storey: Other
Dimensions: 8' x 4' (2,44 m x 1,22 m)
Flooring: Other
Bedroom 1 (Primary)
Storey: Other
Dimensions: 10' 10" x 9' 2" (3,3 m x 2,79 m)
Flooring: Other
Bedroom 2
Storey: Other
Dimensions: 13' x 11' 9" (3,96 m x 3,58 m)
Flooring: Other
Dining Room / Kitchen
Storey: Other
Dimensions: 17' 9" x 9' 2" (5,41 m x 2,79 m)
Flooring: Ceramic
Living room
Storey: Other
Dimensions: 17' 1" x 11' (5,21 m x 3,35 m)
Flooring: Other

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$71.77
$861.25
Municipal taxes
$885.65
$10,627.81
Electricity
$21.54
$258.44
Maintenance fees
$375.00
$4,500.00
Insurance
$341.33
$4,096.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$6,650.00
$79,800.00

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.

$1,525,000

6 units or more for sale

1, croissant de l'Obier

St-Constant Montérégie (Rive-Sud Montréal)

No. 997831

Updated price
Contact the owner
Contact the owner
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