8 bedrooms
4 bathrooms
4 half baths
Lot dimensions 234.1 m² (2 519.83 ft²)

Owners’ comments

Automated translation

**** BUYING OFFER ACCEPTED*** SOLD

Opportunity to seize, rare in the sector!!!

Solid building in very good condition, with tenants of choice 2 steps from the Mont Royal Plateau.

The latter is located on a small one-way street with beautiful trees, very quiet and peaceful. People living on the street are mainly owners of plex, townhouse and condos.

Ideal location 5 minutes from Lafontaine Park, and next to Baldwin Park and its swimming pool in summer. 15 minutes from the city center with bus 24 (runs every 5-10 minutes), or by metro at Frontenac station (green line) or metro Sherbrooke (orange line). For sportsmen, the JC Malepart centre (indoor pool, gym, boxing, badminton...) is 5 minutes walk away and for crossfit fans the ?Cap Op? center is just around the corner.

The building generates $43,632 of annual income and pays itself and generates monthly cash flow:

- 5 and a half: 1070$/month on 2 floors ground floor and a half (about 1000 sq.ft) + a beautiful backyard with beautiful trees.
- 5 and a half: $992/month on 2 floors ground floor and a half (about 1000 ft2) + a beautiful backyard with beautiful trees.
- 4 and a half, on the 2nd floor: $899/month. 2 balconies front and rear.
- 4 and a half, on the 2nd floor: $675/month; on the 2 front and rear balconies.

Rentals are well below market prices for the sector, with great potential to further increase the profitability of the building.

Several improvements and maintenance have been made over the years: paintings, plumbing, parquet, bricks, aluminum flares etc. The roof was redone 13 years ago and checked annually. No major renovations to be expected in the short term, solid building in excellent condition.

Includes: stove and fridge stainless, washer in apartment 3 and stove, fridge, washer and dryer in apartment 1.

The 4 leases have been renewed until 30/06/2017.

Let your tenants pay your mortgage and enjoy a peaceful life at the gates of the plateau!!


Complete Description
Complete Description

Property features

Asking Price
$739,000
Style
Link
Details
New price
Year of construction
1945
General condition
Very good
Occupation rate
100
Certificate of Location
Yes
Municipal evaluation's date
2015
Lot's municipal evaluation
$173,200
Building's municipal evaluation
$485,700
Taxes year
2016
2 Bedroom
2
3 Bedroom
2
Bedrooms (total)
8

External facing:

  • Brick

Floor coverings:

  • Hardwood

Heating source:

  • Electric

Basement:

  • Totally finished

Upgrades:

  • Architecture of the facade
  • Floors
  • Plumbing
  • Bathrooms
  • Painting

Location:

  • Highway access
  • Near park
  • Residential area
  • Public transportation

Lot description:

  • Flat geography
  • Fenced
  • Patio/deck

Near Commerce:

  • Supermarket
  • Restaurant

Near Health Services:

  • Hospital

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School

Near Recreational Service:

  • Gym
  • Sportif center
  • Library
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Suite
Storey: 1st floor
Dimensions: 19' 8" x 32' 10" (6 m x 10 m)
Flooring: Hardwood
Suite
Storey: 1st floor
Dimensions: 19' 8" x 32' 10" (6 m x 10 m)
Flooring: Hardwood
Suite
Storey: 2nd floor
Dimensions: 19' 8" x 32' 10" (6 m x 10 m)
Flooring: Hardwood
Suite
Storey: 2nd floor
Dimensions: 19' 8" x 32' 10" (6 m x 10 m)
Flooring: Hardwood

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Mortgage
School taxes
$87.60
$1,051.22
Municipal taxes
$393.48
$4,721.80
Insurance
$150.00
$1,800.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$3,636.00
$43,632.00

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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Buy on DuProprio.com
Did you know?

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

$739,000

Quadruplex for sale

No. 657249

New price
Contact the owner
Contact the owner