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8 bedrooms
3 bathrooms
Lot dimensions 2 500 ft² (232.26 m²)

Owners’ comments

Automated translation

DESCRIPTION
Building already divided into divided condos (separate sales possible) with a condominium already functional and already registered in the Register. The building has a condo of 4 ½ rooms and 2 condos of 5 ½ rooms. It would be easy for a potential purchaser to exploit it as a rental triplex or sell each of the condos separately. The building is in an ideal geographical location. Apartment rental in the area is done quickly and easily.

Current tenants are good tenants. They all have been pre-approved on their credit file and they all have a good job. No arrears on rental leases.

The current occupancy rate is 100% until 30/06/2021. Electricity is at the tenant's expense and hot water is at the owner's expense.

The current owner has taken care of maintaining his building well over the years. He takes care of his tenants and he appreciates when it is clean and well maintained.

Close to everything; elementary school, high school, grocery stores, shopping mall, buses, local services, etc.

Take advantage of a low municipal assessment to reduce your taxes. (The valuation is still based on the old valuation prior to conversion to split condominium (2015)).

All condos have a washer/dryer entrance and a dishwasher slot.



RENOVATIONS
-Roofing
-Windows and doors -Kitchens and bathrooms
-Exterior cladding
-Balconies, steps and ramps
-Garage/shed
-Parking

-Fence -Electric heating system and electric panels
-Water heater (2015)
-Painting

FINANCIAL DETAILS (2020-2021) Current gross
revenues $30,000.00
Insurance $939.58
Energy $834.94 School
taxes $307.52 Municipal
taxes $3,864.00 Net
revenues $24,053.96

Yield
Considering an annual gain of 1.00%, the rate of return for the building is 6.87%.

Complete Description
Complete Description

Property features

Asking Price
$410,000
Year of construction
1968
Building dimensions
2 070 ft² (192.31 m²)
General condition
Excellent
Occupation rate
100
Certificate of Location
Yes
Courtyard orientation
South-West
Number of parkings
3
Municipal evaluation's date
2017
Lot's municipal evaluation
$95,700
Building's municipal evaluation
$251,300
Taxes year
2020
2 Bedroom
1
3 Bedroom
2

External facing:

  • Brick
  • Fibre cement

Foundation:

  • Cast concrete

Roof:

  • Elastomer membrane

Floor coverings:

  • Hardwood
  • Ceramic
  • Linoleum

Windows:

  • PVC

Heating source:

  • Convectair
  • Electric

Electric system:

  • Breakers panel

Features:

  • Shed
  • Ceiling fixtures
  • Blinds

Kitchen:

  • Melamine cabinets

Bathroom:

  • Bath and shower

Upgrades:

  • Cabinets
  • Heating
  • Kitchen
  • Electrical
  • Windows
  • Insulation
  • External facing
  • Floors
  • Plumbing
  • Doors
  • Bathrooms
  • Roof
  • Painting
  • Foundation
  • Shed
  • Terrace

Parking / Driveway:

  • Outside
  • Crushed Gravel

Location:

  • Highway access
  • Near park
  • No backyard neighbors
  • Residential area
  • Public transportation

Lot description:

  • Flat geography
  • Fenced
  • Corner lot
  • Patio/deck

Near Commerce:

  • Supermarket
  • Drugstore
  • Bank
  • Restaurant
  • Shopping Center
  • Bar

Near Health Services:

  • Hospital
  • Dentist
  • Medical center

Near Educational Services:

  • Daycare
  • Kindergarten
  • Elementary school
  • High School

Near Recreational Service:

  • Gym
  • Sportif center
  • Library
  • Casino
  • Bicycle Path

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Bathroom
Storey: 1st floor
Dimensions: 9' x 8' (2,74 m x 2,44 m)
Flooring: Ceramic
Bedroom 1 (Master)
Storey: 1st floor
Dimensions: 11' x 10' (3,35 m x 3,05 m)
Flooring: Hardwood
Bedroom 2
Storey: 1st floor
Dimensions: 10' x 10' (3,05 m x 3,05 m)
Flooring: Hardwood
Bedroom 3
Storey: 1st floor
Dimensions: 10' x 10' (3,05 m x 3,05 m)
Flooring: Hardwood
Kitchen
Storey: 1st floor
Dimensions: 12' x 11' (3,66 m x 3,35 m)
Flooring: Vinyl
Living room
Storey: 1st floor
Dimensions: 11' x 11' (3,35 m x 3,35 m)
Flooring: Hardwood
Bathroom
Storey: 2nd floor
Dimensions: 9' x 8' (2,74 m x 2,44 m)
Flooring: Ceramic
Bedroom 1 (Master)
Storey: 2nd floor
Dimensions: 11' x 10' (3,35 m x 3,05 m)
Flooring: Hardwood
Bedroom 2
Storey: 2nd floor
Dimensions: 10' x 10' (3,05 m x 3,05 m)
Flooring: Hardwood
Bedroom 3
Storey: 2nd floor
Dimensions: 10' x 10' (3,05 m x 3,05 m)
Flooring: Hardwood
Kitchen
Storey: 2nd floor
Dimensions: 12' x 11' (3,66 m x 3,35 m)
Flooring: Laminate
Living room
Storey: 2nd floor
Dimensions: 11' x 11' (3,35 m x 3,35 m)
Flooring: Hardwood
Bathroom
Storey: Lower
Dimensions: 9' x 8' (2,74 m x 2,44 m)
Flooring: Laminate
Bedroom 1 (Master)
Storey: Lower
Dimensions: 10' x 10' (3,05 m x 3,05 m)
Flooring: Laminate
Bedroom 2
Storey: Lower
Dimensions: 10' x 10' (3,05 m x 3,05 m)
Flooring: Laminate
Kitchen
Storey: Lower
Dimensions: 12' x 11' (3,66 m x 3,35 m)
Flooring: Laminate
Living room
Storey: Lower
Dimensions: 11' x 11' (3,35 m x 3,35 m)
Flooring: Laminate
Storage space
Storey: Lower
Dimensions: 10' 10" x 10' (3,3 m x 3,05 m)
Flooring: Concrete

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.

$410,000

Triplex for sale

307-311, avenue Plante

Vanier Québec Rive-Nord

No. 918838

Contact the owner
Contact the owner
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