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Quadruplex for sale - Montréal (Villeray)

Located in the heart of the dynamic Villeray district, this quadruplex offers an exceptional real estate investment opportunity. With its 4 fully rented residential units, this multi-family building generates a gross annual income of $48,804. Built in 1949, it has retained its period charm while benefiting from good maintenance over the years.

Composition of the units

  • 8527 - Apartment on two floors - 4 ½
  • 8529 - Apartment on two floors - 4 ½
  • 8531 - 3 ½ apartment
  • 8533 - 2 ½ apartment

Each unit offers a functional and bright layout.

A solid investment in a sought-after neighborhood

Close to public transport, parks, schools, schools, shops and restaurants, this quadruplex is ideal for an investor looking for a building with a stable income in a sector in demand.

Complete Description
Complete Description

Property features

2 bedrooms
1 bathroom
Asking Price
$1,050,000
Details
With income
Year of construction
1949
Occupation rate
100
Certificate of Location
Yes
Mortgage balance
$599,018.43
Studio
1
1 Bedroom
1
2 Bedroom
2

Heating source:

  • Electric

Complete list of property features

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$52.06
$624.70
Municipal taxes
$414.62
$4,975.42
Insurance
$245.25
$2,943.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Revenues
$4,067.00
$48,804.00

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.

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.

Download the legal documents that you need

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$1,050,000

Quadruplex for sale

8527-8533, Rue Saint-Dominique Villeray / St-Michel / Parc-Extension Montréal / l'Île

No. 1104709

With income
Contact builder
Phone
Contact builder
Phone