9 bedrooms
6 bathrooms
Lot dimensions 5 000 ft² (464.52 m²)

Owners’ comments

Automated translation

Beautiful and large building with 6 incomes, very well maintained.

5 apartments (1 x 3 1/2, 3 x 4 1/2, 1 x 5 1/2) and 1 shop (hair salon, 800 sq. ft.).

Residential area, near Cégep Limoilou, elementary and secondary schools, park, as well as several neighbourhood shops located on 3rd Avenue.

  • 3-storey multifamily building (50 feet x 34 feet)
  • Excellent tenants
  • Large 5,000 sq ft lot Fenced backyard accommodating
  • 3 parking lots
  • Gallery /drum at the rear
  • Front balconies with wrought iron guards redone in 2005
  • Elastomer membrane roof redone in 2002
  • Heating electric skirting boards. Hot water for housing (5 1/2)
  • Concrete solage (except rear expansion in concrete block)
  • Basement: Storage for tenants
  • Possibility of housing for the buyer 4 1/2 (2nd floor)
Complete Description
Complete Description

Property features

Asking Price
$649,000
Year of construction
1922
Building dimensions
1 700 ft² (157.94 m²)
General condition
Very good
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
South
Number of parkings
3
Municipal evaluation's date
2019
Lot's municipal evaluation
$221,000
Building's municipal evaluation
$246,000
Taxes year
2019
1 Bedroom
1
2 Bedroom
3
3 Bedroom
1
Commerce(s)
1

External facing:

  • Brick

Roof:

  • Elastomer membrane

Windows:

  • Aluminium
  • PVC

Location:

  • Residential area

Near Health Services:

  • Hospital

Near Educational Services:

  • Elementary school
  • High School
  • College

Near Recreational Service:

  • Sportif center
  • Library
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Basement
Storey: Basement
Dimensions: 48' x 32' (14,63 m x 9,75 m)
Flooring: Concrete

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$47.67
$572.00
Municipal taxes
$763.75
$9,165.00
Heating
$300.00
$3,600.00
Insurance
$250.00
$3,000.00

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$4,558.33
$54,700.00

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.

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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.

$649,000

Quintuplex for sale

No. 858890

Contact the owner
Contact the owner