5 bedrooms
5 bathrooms
Lot dimensions 477.52 m² (5,139.98 ft²)

Owners’ comments

INVESTORS! LOCATION, LOCATION, LOCATION! 5-apartment building, all rented with leases (electricity and heat included). Includes 6 electric meters and 2 60 gl water heaters (2017). 5 x 1 bedroom (two tenants have lived there for + 10 years). Very well located in a well sought-after neighborhood near all services (shopping center, grocery, bank, Walmart, highway, etc.) and public transportation. 5 parking spots. Annual revenues of approx. 40 000$. Rents could be increased. Recent renovations 20 000$.

*INCLUSIONS

2 water heaters 60 gallons (2017), 5 stoves, 5 fridges, 1 coin-operated washer, 2 coin-operated dryers (potential revenues of 600$/year).

*NOTE

- Zoned residential and commercial.

- January 2018 appraisal on file.

Complete Description
Complete Description

Property features

Asking Price
$425,000
Style
Detached
Details
With income
Year of construction
1917
Building dimensions
255.2 m² (2,746.95 ft²)
General condition
Standard
Occupation rate
100
Certificate of Location
Yes
Number of parkings
5
1 Bedroom
5
Bedrooms (total)
5

External facing:

  • Brick
  • Vinyl Siding
  • Stucco

Foundation:

  • Concrete block
  • Rock

Roof:

  • Asphalt shingle

Floor coverings:

  • Laminate
  • Hardwood
  • Ceramic

Heating source:

  • Electric

Electric system:

  • 200 amps
  • Breakers panel

Features:

  • Laundry room

Basement:

  • Separate entrance
  • Unfinished

Parking / Driveway:

  • Crushed Gravel

Location:

  • Highway access
  • Near park
  • Public transportation

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center

Near Health Services:

  • Hospital

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Apartment 1
Storey: Main floor
Dimensions: 35' x 20' 10" (10,68 m x 6,35 m)
Flooring: Hardwood

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
Mortgage
School taxes
$82.50
$990.00
Municipal taxes
$433.92
$5,207.00
Electricity
$474.17
$5,690.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$3,350.00
$40,200.00

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

$425,000

Quintuplex for sale

37 boulevard Montclair

Gatineau (Hull) Outaouais

No. 776181

With income
Contact the owner
Contact the owner