Lot dimensions 47 235 ft² (4 388.28 m²)

Owners’ comments

Automated translation

For sale, real estate complex, transactions between the sellers and the buyer (s) must take place simultaneously. Buyers must be fiscally bound.

*


Description of the real estate complex:

  • An income building with 32 units, located at 6 rue Yvan Ménard, Saint-Rémi.
  • An income building with 8 units, located at 10 rue Yvan Ménard, Saint-Rémi.

City data:

  • Saint-Rémi is a city of about 9,000 inhabitants, located south of Montreal.
  • In Saint-Rémi, commercial, industrial and agricultural activities coexist. This economic diversity creates jobs, which brings stability to the local economy.
  • The city has an elementary and secondary school, as well as an arena.

Information on the environment of buildings:

  • The two buildings for sale are located in the city center close to daily services.
  • These buildings are located 19 kilometers from the Mercier Bridge.
  • Yvan-Ménard Street, in Saint-Rémi, has very little car traffic.

Characteristics of the 32 residential units:

  • Construction year: 1987
  • Lot size: 36,589 square feet
  • Parking space: 48 parking spaces
  • Description of the 32 housing units: Sixteen 4 1/2, Fourteen 3 1/2, Two 2 1/2
  • Building area: The area of the building is 6196.5 square feet.
  • The measurement was taken outside the foundations.
  • The building has four levels of housing, a basement plus three floors.

Financial details:

  • Municipal building assessment: $1,866,700.00
  • Municipal land assessment: $287,500.00
  • Total municipal assessment: $2,154,200.00
  • 2024 annual municipal tax: $29,513.06
  • School tax 2024-2025: $1948.64
  • Current income: $252,444.00 with potential to increase
  • Asking price: $3,800,000.00

Characteristics of the 8 residential units:

  • Construction year: 2017
  • Lot size: 10,646 square feet
  • Parking space: 16 spaces
  • Outdoor sheds: 8 sheds

Description of the 8 housing units:

  • Eight 4 1/2
  • The area of the building is 2405 square feet.
  • The measurement was taken outside the foundations.
  • It has four levels of housing, a basement plus three
    floors

Financial details:

  • Municipal assessment of the building: $1,151,900.00
  • Municipal land assessment: $168,100.00
  • Total municipal assessment: $1,320,000.00
  • 2024 annual municipal tax: $13,582.63
  • School tax 2024-2025: $1185.18
  • Current income: $109,320.00
  • Income as of October 1, 2024: $112,560.00 with immense potential for growth
  • Asking price: $1,700,000.00

General information:
In a real estate complex, transactions between the sellers and the buyer (s) must take place simultaneously.

We do not want to receive solicitation from real estate agents.

This real estate complex is sold without legal warranty.

immeuble.avgregoire@outlook.com
514-910-0892

Complete Description
Complete Description

Property features

Asking Price
$5,500,000
Certificate of Location
Yes
Number of parkings
64

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$261.08
$3,133.00
Municipal taxes
$3,591.33
$43,096.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$30,146.67
$361,760.00

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.

$5,500,000

6 units or more for sale

6-10, rue Yvan-Ménard St-Rémi Montérégie (Rive-Sud Montréal)

No. 1039258

Contact the owner

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.

Contact the owner

Are you a real estate agent?

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.