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5 bedrooms
3 bathrooms
Lot dimensions 3 749 ft² (348.29 m²)

Owners’ comments

Automated translation

Suitable for several types of buyers: family/couple/solo/investor

Respect the three golden rules: location, location and location! Beautiful renovated duplex (over $100,000 renovation), quiet residential area in revitalization with good neighborhood of houses and small plex near the Expocité and Cartier Brébeuf parks (trails, bike paths, cross-country skiing, dog park, Grand Marché). The exterior is 3 brick sides and a vinyl side with two shed, a fenced yard, 4 possible parking lots and mature trees. Power supply for the entire building with separate Hydro meters (no oil heating).

Ideal for occupying owner, bigenerational or to rent completely (profitable). In a few words: bright rooms, intimate courtyard, open areas, hardwood, ceramics, ceilings over 9 feet on the ground floor, etc.

Renovations for 10 years (3 decking membrane balconies, dyeing, fence, showers, toilets, programmable electronic thermostats, attic insulation, urethane shore joist and isolofoam basement walls, plumbing, electricity, air extractors for bathrooms and cooker hoods, windows, solage plaster, completely new basement: entrance water, sanitary, new insulated concrete slab, drain, windows, etc.). Inclusions of furniture to discuss.

Main Area (2040)

The ground floor and basement are occupied by the owner can be free to the buyer which represents 3 bedrooms (1 on the ground floor), 2 in the basement, 2 full bathrooms (4 washers/dryers entrances for more possibilities), office, kitchen, family area, dinette area, exclusive fenced yard to the owner, exit to basement independent.

Rental space upstairs (2030):

4 ½ renovated and bright easy to rent (always rented), 2 bedrooms, living room, kitchen, 2 balconies, shed, washer/dryer inputs, air extractors (exterior outlets) for kitchen and bathroom, new floors, individual hydro meter. Interior staircase (less maintenance in winter) and intercom with automatic remote door opening.

Revenues:

$17760/year (current with owner occupant) or approximately $29,760 (without owner occupant).

Benefits for Owner Occupant:

Minimal bottom-up with the Federal CMHC Property Access Program (5% of the selling price for a duplex only): ask your financial institution or visit the CMHC website. Combined with an HBP with your RRSP, possibility of no down payment!

Net monthly occupancy costs for owner (including mortgage, municipal and school taxes, etc.): approximately $700/month considering a mortgage rate of about 2%.

Advantages for investors:

Very good ratios for investor for full rental of spaces:

Gross income margin (MRB) possible: between 10 and 14 (building paid in 14 years!) according to your basing.

Terms of rental: Qualified tenant (Corpiq) and lease with building regulations to be respected so the whole is without worries until June 2022.

Possibilities to see bigger with neighboring lots? : a neighboring lot with commercial destined to become residential and which has been no longer in operation for a few years. Another lot which is a vacant lot.

Zoning 17213Hb: 1 to 14 dwellings

http://carte.ville.quebec.qc.ca/GrillesZonage/HandlerZonage.ashx?17213Hb

Geographic advantages:

Within a radius of less than a kilometre: tram, parks, convenience store, schools, hospital, highway, Expocité, Grand Marché, bike paths leading into Old Quebec, via Maizeret, Montmorency Falls, etc.

Visit possible with letter/proof of pre-authorization to finance your financial institution.

Requirements for the offer to buy: sale not conditional on the sale of your house and 3 months difference between the date of the notary and the date of occupation.

Immovable sold without legal guarantee at the risks and perils of the buyer.

For info:

581-309-4646

d.bastarache@hotmail.com

Complete Description
Complete Description

Property features

Asking Price
$465,000
Style
Detached
Details
With income
Year of construction
1945
Building dimensions
904 ft² (83.98 m²)
General condition
Standard
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
South-East
Number of parkings
4
Municipal evaluation's date
2017
Lot's municipal evaluation
$143,000
Building's municipal evaluation
$128,000
Taxes year
2021
2 Bedroom
1
4 Bedroom and more
1
Bedrooms (total)
5

External facing:

  • Brick
  • Vinyl Siding

Foundation:

  • Cast concrete

Frame:

  • Wooden part on part

Roof:

  • Elastomer membrane

Floor coverings:

  • Laminate
  • Hardwood
  • Ceramic
  • Linoleum

Windows:

  • PVC

Heating source:

  • Electric

Electric system:

  • 200 amps

Features:

  • Shed
  • Ceiling fixtures
  • Blinds

Kitchen:

  • Wooden cabinets
  • Polyester cabinets

Bathroom:

  • Bath and shower
  • Separate Shower

Basement:

  • Totally finished
  • Separate entrance
  • Potential income

Upgrades:

  • Cabinets
  • Heating
  • Kitchen
  • Electrical
  • Windows
  • Insulation
  • Crown moulding
  • 9ft ceilings
  • Floors
  • Plumbing
  • Bathrooms
  • Basement
  • Painting
  • Foundation
  • Terrace
  • Landscaping

Parking / Driveway:

  • Asphalt
  • Crushed Gravel

Location:

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

Lot description:

  • Flat geography
  • Fenced
  • Patio/deck
  • Landscaped

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center

Near Health Services:

  • Hospital
  • Dentist
  • Medical center
  • Health club / Spa

Near Educational Services:

  • Daycare
  • Elementary school
  • High School
  • College
  • University

Near Recreational Service:

  • Gym
  • Sportif center
  • Library
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Apartment kitchen
Storey: Main floor
Dimensions: 12' x 13' (3,66 m x 3,96 m)
Flooring: Bamboo
Bathroom
Storey: Main floor
Dimensions: 8' x 7' (2,44 m x 2,13 m)
Flooring: Ceramic
Bedroom 1 (Master)
Storey: Main floor
Dimensions: 11' 4" x 11' 6" (3,45 m x 3,51 m)
Flooring: Laminate
Kitchen
Storey: Main floor
Dimensions: 15' x 18' (4,57 m x 5,49 m)
Flooring: Linoleum
Living room
Storey: Main floor
Dimensions: 12' x 11' (3,66 m x 3,35 m)
Flooring: Hardwood
Office
Storey: Main floor
Dimensions: 12' x 12' (3,66 m x 3,66 m)
Flooring: Hardwood
Apartment bedroom
Storey: 1st floor
Dimensions: 10' x 11' (3,05 m x 3,35 m)
Flooring: Laminate
Apartment bedroom
Storey: 1st floor
Dimensions: 11' 4" x 11' 6" (3,45 m x 3,51 m)
Flooring: Laminate
Apartment living room
Storey: 1st floor
Dimensions: 11' x 10' (3,35 m x 3,05 m)
Flooring: Laminate
Suite entrance
Storey: 1st floor
Dimensions: 4' x 12' (1,22 m x 3,66 m)
Flooring: Hardwood
Bathroom
Storey: Basement
Dimensions: 6' x 10' 5" (1,83 m x 3,18 m)
Flooring: Floating tile
Bedroom 2
Storey: Basement
Dimensions: 10' 5" x 12' 5" (3,18 m x 3,78 m)
Flooring: Floating tile
Bedroom 3
Storey: Basement
Dimensions: 12' x 15' (3,66 m x 4,57 m)
Flooring: Floating tile
Eat-in kitchen
Storey: Basement
Dimensions: 10' x 10' (3,05 m x 3,05 m)
Flooring: Floating tile
Laundry room
Storey: Basement
Dimensions: 3' x 8' (0,91 m x 2,44 m)
Flooring: Floating tile
Living room
Storey: Basement
Dimensions: 15' x 17' (4,57 m x 5,18 m)
Flooring: Floating tile

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.

$465,000

Duplex for sale

2030-2040, rue de la Bastille

Limoilou Québec Rive-Nord

No. 961833

With income
Contact the owner
Contact the owner
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