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$655,000
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Quadruplex for sale

193-197, rue des Franciscains

Montcalm Québec Rive-Nord

No. 970862

With income
Contact the owner
Phone
418-208-8879
418-839-0745
Report a problem with the ad
7EB78A84-D672-43E6-B563-4875C3D49628 See it on the map
The steps involved in buying a property Buy
Print
Contact the owner
Phone
418-208-8879
418-839-0745
7 bedrooms
4 bathrooms
Lot dimensions 1 540.32 ft² (143.1 m²)

Owners’ comments

Automated translation

Excellent investment opportunity

Superb building of 4 apartments, well maintained

Property features:

  • In the Quartier Montcalm, a 4-unit building of approximately 820 square feet each: on the ground floor and on 3 floors.
  • Building owned by the same owners for over 30 years.
  • Building that can be described as "turnkey" since all the changes made have been made to ensure its sustainability.
  • Beautiful complete view of the Laurentians for the 2 upper apartments.
  • Open living room/ dining room/ kitchen areas in each unit.
  • No additional storage outside the dwellings.
  • Electricity, heating and hot water to tenants.
  • Street parking.
  • Very well rented, stable, quiet and reliable tenants.
  • Non-smoker building. No animals.
  • Visit to all apartments upon offer to purchase only.

Less than 5 minutes from all services!

  • Well located, close to Cartier Street.
  • Close to grocery stores and public transportation.
  • Community garden close by.
  • And even more!

Building dating from 1914:

  • with dimensions 7.2 m X 16.3 m, concrete block construction,
  • finishing the facade in stone and finishing at the back in Canexel;
  • walls adjoining neighboring buildings.
  • At the back, it is the alley jointly owned by the street owners.

Flats:

  • On the ground floor: 3½ apartment, including a small front terrace of 1.5m x 3.7m;
  • On the 1st floor: 4½ apartment, including front balcony of 1.2m x 2.4m;
  • On the 2nd floor: 4½ apartment, including a 1.2m x 3.7m private balcony at the front; enclosed balcony at the back that is 1.5m x 3.4m and can be heated;
    • On
  • the 3rd floor: 4½ apartment, including a 1.2m x 3.7m private balcony at the front; a closed balcony at the back that is 1.5m x 3.4m and can be heated.

Meticulous improvements and maintenance carried out over time to the building and all the apartments:

  • insulation made in the attic and in all the front and rear walls; electrical boxes changed;
  • elastomer roof redone;
  • conversion to electric heating;
  • piping changed from copper to PEX; new exterior entrance stairs;
  • front balconies with fiberglass floors and new railings; doors and windows changed;
  • redone bathrooms including ceramic floors, redone kitchens (cabinets changed) for all units;
  • washer/dryer entry, new water heater (2019), sanded and varnished hardwood floors;
  • repairs of masonry joints between the blocks on the facade of the building (in 2022), as noted in the inspection report
  • roof cornice repair in 2022.

The financial data provided reflects the results for the year 2022.

Don't miss your chance!

Precision: NO SOLICITATION

For more information, contact us!

Complete Description
Complete Description

Property features

Asking Price
$655,000
Details
With income
Year of construction
1914
Building dimensions
1 252.92 ft² (116.4 m²)
General condition
Very good
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
South
Municipal evaluation's date
2019
Lot's municipal evaluation
$163,000
Building's municipal evaluation
$362,000
Taxes year
2022
1 Bedroom
1
2 Bedroom
3
Bedrooms (total)
7

External facing:

  • Canexel wood fibre siding
  • Stone

Foundation:

  • Cast concrete
  • Concrete block

Frame:

  • Concrete

Roof:

  • Elastomer membrane

Floor coverings:

  • Laminate
  • Hardwood
  • Ceramic

Windows:

  • PVC

Heating source:

  • Electric

Electric system:

  • 100 amps
  • Breakers panel

Kitchen:

  • Melamine cabinets

Bathroom:

  • Bath and shower

Basement:

  • None

Upgrades:

  • Heating
  • Kitchen
  • Electrical
  • Windows
  • Insulation
  • External facing
  • Floors
  • Plumbing
  • Doors
  • Bathrooms
  • Roof
  • Painting

Location:

  • Near park
  • Residential area
  • Public transportation

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Bar

Near Educational Services:

  • High School

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Bathroom
Storey: Main floor
Dimensions: 7' x 8' (2,13 m x 2,44 m)
Flooring: Ceramic
Bedroom
Storey: Main floor
Dimensions: 12' 4" x 15' (3,76 m x 4,57 m)
Flooring: Hardwood
Dining Room / Living room
Storey: Main floor
Dimensions: 9' 3" x 24' (2,82 m x 7,32 m)
Flooring: Hardwood
Kitchen
Storey: Main floor
Dimensions: 10' x 13' (3,05 m x 3,96 m)
Flooring: Hardwood
Nook
Storey: Main floor
Dimensions: 6' x 16' (1,83 m x 4,88 m)
Flooring: Concrete
Bathroom
Storey: 1st floor
Dimensions: 5' x 11' (1,52 m x 3,35 m)
Flooring: Ceramic
Bedroom 1 (Primary)
Storey: 1st floor
Dimensions: 11' 5" x 14' 4" (3,48 m x 4,37 m)
Flooring: Hardwood
Bedroom 2
Storey: 1st floor
Dimensions: 7' 3" x 18' (2,21 m x 5,49 m)
Flooring: Hardwood
Kitchen
Storey: 1st floor
Dimensions: 7' 5" x 13' (2,26 m x 3,96 m)
Flooring: Linoleum
Living / Dining room
Storey: 1st floor
Dimensions: 10' 10" x 26' (3,3 m x 7,92 m)
Flooring: Hardwood
Storage space
Storey: 1st floor
Dimensions: 3' 6" x 9' (1,07 m x 2,74 m)
Flooring: Hardwood
Bathroom
Storey: 2nd floor
Dimensions: 3' 9" x 10' 3" (1,14 m x 3,12 m)
Flooring: Ceramic
Bedroom 1 (Primary)
Storey: 2nd floor
Dimensions: 9' 4" x 11' 4" (2,84 m x 3,45 m)
Flooring: Hardwood
Bedroom 2
Storey: 2nd floor
Dimensions: 10' 5" x 12' 4" (3,18 m x 3,76 m)
Flooring: Hardwood
Kitchen
Storey: 2nd floor
Dimensions: 12' x 14' 11" (3,66 m x 4,55 m)
Flooring: Laminate
Kitchenette
Storey: 2nd floor
Dimensions: 5' x 11' (1,52 m x 3,35 m)
Flooring: Hardwood
Living room
Storey: 2nd floor
Dimensions: 12' x 12' (3,66 m x 3,66 m)
Flooring: Hardwood
Bathroom
Storey: 3rd floor
Dimensions: 3' 10" x 11' (1,17 m x 3,35 m)
Flooring: Ceramic
Bedroom 1 (Primary)
Storey: 3rd floor
Dimensions: 10' 7" x 14' 2" (3,23 m x 4,32 m)
Flooring: Laminate
Bedroom 2
Storey: 3rd floor
Dimensions: 9' 3" x 17' 2" (2,82 m x 5,23 m)
Flooring: Laminate
Dining Room / Kitchen
Storey: 3rd floor
Dimensions: 11' x 14' 6" (3,35 m x 4,42 m)
Flooring: Laminate
Living room
Storey: 3rd floor
Dimensions: 8' 10" x 18' 5" (2,69 m x 5,61 m)
Flooring: Laminate

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$42.93
$515.18
Municipal taxes
$550.47
$6,605.61
Insurance
$178.76
$2,145.12
Total known costs
More info on the costs involved in buying a property

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$3,212.50
$38,550.00
Net revenue

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.

$655,000
Apply for your Desjardins mortgage financing →

Quadruplex for sale

193-197, rue des Franciscains

Montcalm Québec Rive-Nord

No. 970862

With income
Contact the owner
Phone
418-208-8879
418-839-0745
Report a problem with the ad
7EB78A84-D672-43E6-B563-4875C3D49628 See it on the map
The steps involved in buying a property Buy
Print
Contact the owner
Phone
418-208-8879
418-839-0745
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