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4 bedrooms
4 bathrooms
Lot dimensions 1 934 ft² (179.67 m²)

Owners’ comments

Automated translation

Beautiful quadruplex in the heart of Saint-Jean-Baptiste with unobstructed views of the Laurentians, without neighbours in front.

Read the full description, details on revenues and costs are all indicated. This building is profitable, great investment opportunity!

  • There is an enclosed inner courtyard with space for picnic table and small garden.
  • This building is in very good condition, it has always been well maintained. There is no major work to do, everything is kept in excellent condition.
  • For occupying owners with family, the ideal would be to bring together the 4 ½ of the top floor and the 4 ½ of the 2nd floor. It would really not be complicated. The 4 ½ cannot have 2 bedrooms. The 4th rooms are too small, they are an office or a laundry room or storage room. We have validated all the other options.
  • We are not owner occupying. No accommodation will be released for sale. But you can make an agreement with a tenant before the lease renewal.
  • Revenues of $718+$503+$657+$839 = $2717 per month/$32,604 annual. This revenue can be optimized, they are rather low for the sector. After expenditures of $8199 (see Retail Cost tab, everything is there), there is a net revenue of $2,04010 per year. After the monthly mortgage of $1776 (20% bottom bet with a rate of 2.5%) there remains $2691 in annual net profit and the building pays itself as a bonus.
  • Visit the common areas possible, visit the accommodation upon receipt of an offer to purchase.
  • Lots of storage in the rear drum (above an old stable). Each unit has a healthy (but not heated) storage space of +/- 10 feet x 15 feet. The ground floor of this structure can be transformed into a workshop.
  • Possibility of 2 parking spaces in the porch (one Volkswagen Golf enters).
  • Several improvements in the apartments, always very well maintained by tenants and owners over the years. The apartments are all spacious and well appointed, most have a desk in addition to a bedroom. On the ground floor there is a 4 ½ with a large living room, a kitchen/dining room, a large bedroom, an office and a bathroom. On the 1st floor there are 2 lodgings, a 3 ½ very nice and a 4 ½ which has an office/laundry room. Both have a balcony. On the 2nd floor there is a large apartment that makes the whole floor with a very large open plan living and dining room, a large bedroom, a large kitchen and a bathroom. This apartment has been furnished by the former owners as their main accommodation.
  • The cellar (about 4 feet high at the lowest and 5 feet 10 inches at the highest) is healthy and convenient for storing materials or tires, etc. It is crushed, heated and with storage. The foundation walls are made of stone, insulated with urethane.
  • The roof is in very good condition, an elastomeric membrane that does not need repair. I don't have the year of work.
  • This sale is made without legal warranty.

No broker call please for this building. We will not give a warrant.

Complete Description
Complete Description

Property features

Asking Price
$485,000
Details
With income
Year of construction
1925
Building dimensions
2 980 ft² (276.85 m²)
General condition
Very good
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
South
Number of parkings
2
Municipal evaluation's date
2019
Lot's municipal evaluation
$183,000
Building's municipal evaluation
$226,000
Taxes year
2018
1 Bedroom
1
2 Bedroom
3
Bedrooms (total)
4

External facing:

  • Aluminium Siding
  • Brick

Foundation:

  • Cast concrete

Roof:

  • Elastomer membrane

Floor coverings:

  • Laminate
  • Hardwood
  • Ceramic

Windows:

  • Aluminium
  • Wood

Heating source:

  • Electric

Electric system:

  • 100 amps
  • 200 amps

Features:

  • Ceiling fixtures
  • Blinds

Kitchen:

  • Wooden cabinets
  • Melamine cabinets

Bathroom:

  • Bath and shower

Basement:

  • Crawl space

Upgrades:

  • Cabinets
  • Kitchen
  • Floors
  • Plumbing
  • Painting

Parking / Driveway:

  • Underground
  • Crushed Gravel

Location:

  • Public transportation

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Bar

Near Health Services:

  • Dentist
  • Medical center

Near Educational Services:

  • Elementary school

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Suite
Storey: Main floor
Dimensions: 30' x 30' (9,14 m x 9,14 m)
Flooring: Soft wood
Suite
Storey: 1st floor
Dimensions: 30' x 20' (9,14 m x 6,1 m)
Flooring: Soft wood
Suite
Storey: 1st floor
Dimensions: 30' x 30' (9,14 m x 9,14 m)
Flooring: Laminate
Suite
Storey: 2nd floor
Dimensions: 30' x 30' (9,14 m x 9,14 m)
Flooring: Hardwood

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.

$485,000

Quadruplex for sale

285-287, rue Saint-Olivier

St-Jean-Baptiste Québec Rive-Nord

No. 851816

With income
Contact the owner
Contact the owner
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