2 bedrooms
1 bathroom
3 levels
Living space area (basement exclu.) 1 030 ft² (95.69 m²)

Owners’ comments

GREAT INVESTMENT: Lease signed until July 1st 2020.  Annual income of 18000$.

1030 square foot condo in the heart of Plateau Mont-Royal.  Corner unit on the first floor with balcony.  Two bedrooms.  5 minute walk from Sherbrooke metro and Lafontaine park.  Indoor parking (underground).

Hardwood floors, air conditioning, central vacuum, electrical fireplace, lots of storage space.  Close to downtown, place des Spectacles, Latin Quarter and other services such as fruiterer's shop, grocer's shop, Duluth street restaurants.

Renovations: stabilization of foundations on steel pipes in 2001, kitchen in 2002, bathroom in 2004, garage entrance in 2009, bedroom floors, roof in 2010 and new windows for all the building (private and common spaces) in 2017.

Included: Curtains, stores, five home appliances (stove, refrigerator, dish-washer, washer and dryer).

Occupancy: July 1st 2020.

 

 

Complete Description
Complete Description

Property features

Ownership
Divided
Number of interior parking
1
Price Detail
With garage
Bedroom details
Plancher de bois-franc
Bathroom details
Rénovée en 2004
Located on which floor? (if condo)
1
Asking Price
$389,000
Municipal Assessment
$331,500
Year of construction
1985

External facing:

  • Brick

Floor coverings:

  • Hardwood
  • Ceramic

Heating source:

  • Electric
  • Baseboard

Equipment/Services Included:

  • Central vacuum
  • Fireplace
  • Dishwasher
  • Washer
  • Ceiling fixtures
  • Stove
  • Fridge
  • Window coverings
  • Dryer
  • Blinds
  • Central air

Renovations and upgrades:

  • Kitchen
  • Windows
  • Floors
  • Bathrooms
  • Roof
  • Painting

Garage:

  • Heated
  • Garage door opener
  • Underground

Parking / Driveway:

  • Underground

Location:

  • Near park

Lot description:

  • Corner lot

Near Commerce:

  • Supermarket
  • Financial institution
  • Restaurant

Near Health Services:

  • Hospital
  • Dentist

Near Educational Services:

  • College
  • University

Near Recreational Services:

  • Library

Near Tourist Services:

  • Hotel

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Bathroom
Storey: 1st floor
Dimensions: 7' 7" x 7' 2" (2,31 m x 2,18 m)
Flooring: Ceramic
Bedroom 1 (Master)
Storey: 1st floor
Dimensions: 15' 9" x 9' 6" (4,8 m x 2,9 m)
Flooring: Hardwood
Bedroom 2
Storey: 1st floor
Dimensions: 9' 9" x 11' (2,97 m x 3,35 m)
Flooring: Hardwood
Dining room
Storey: 1st floor
Dimensions: 11' 9" x 8' 6" (3,58 m x 2,59 m)
Flooring: Ceramic
Kitchen
Storey: 1st floor
Dimensions: 8' 2" x 8' 2" (2,49 m x 2,49 m)
Flooring: Ceramic
Living room
Storey: 1st floor
Dimensions: 12' 2" x 18' (3,71 m x 5,49 m)
Flooring: Hardwood

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Electricity
$120.00
$1,440.00
Property taxes
$234.83
$2,818.00
School taxes
$45.00
$540.00
Condo fees
$194.00
$2,328.00

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.

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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

$389,000

Condominium for sale

No. 372577

With garage
Contact the owner
Contact the owner