3 bedrooms
1 bathroom
Lot dimensions 2,533.82 ft² (235.4 m²)

Owners’ comments

Automated translation

Great opportunity for investors. Superb building of 8 apartments, 4 brick sides, having always had impeccable maintenance from its occupying owner.

Located in downtown Shawinigan on a very quiet dead end street, a few minutes walk from the park and the promenade of the Saint-Maurice River, schools, shops and restaurants.

Long-standing and stable tenants: the 8 apartments are inhabited by only 10 people, one of which is available to the owner-occupier. Rental in great demand.

Gross annual income of $62,400 (2022-07).

Annual fee of $21,115 (2021).

It includes:

  • 6 apartments 5 1/2
  • 1 apartment of the same size transformed into 4 1/2 (bedroom attached to the kitchen, open to form a dining room)
  • 1 smaller 4 1/2 apartment located on the ground floor
  • 6 closed garages on an asphalt courtyard
  • 1 shed included for each apartment, located above the garages
  • 1 large entrance hall secured by an access authorization system for each apartment
  • 1 mechanical room including the central heating system | water heated by an electric heat pump, electric meters and individual water heaters
  • Electricity and hot water, excluding heating, at the expense of the tenants
  • Large windows, rooms all very well lit

?

  • Recent PVC sash windows (2015-2016)
  • Roof redone in 2013 (20-year warranty)
  • Maintenance-free aluminum and fibreglass balconies and back stairs
  • 4 apartments with hardwood floors and 4 others with floating floors
  • 3 apartments with renovated kitchen
  • Renovated bathrooms, all ceramic, except one linoleum
  • Mostly recent water heaters (2019-2021)

Inclusions:

  • 4 seater outdoor swing
  • Apartment 2 retractable patio awning
  • 4 recycling bins and 3 waste bins

Exclusion:

  • Thermopump-air conditioner in apartment 4

Sale without legal warranty.

Proof of funding requested.

Asking price: $790,000.

Complete Description
Complete Description

Property features

Asking Price
$790,000
Details
With income
Year of construction
1960
Building dimensions
9,867.28 ft² (916.7 m²)
General condition
Excellent
Occupation rate
7
Certificate of Location
Yes
Courtyard orientation
South-West
Number of parkings
6
Municipal evaluation's date
2021
Lot's municipal evaluation
$33,800
Building's municipal evaluation
$261,100
Taxes year
2021
2 Bedroom
1
3 Bedroom
7
Bedrooms (total)
3

External facing:

  • Brick

Foundation:

  • Cast concrete

Frame:

  • Concrete
  • Wooden part on part

Roof:

  • Elastomer membrane

Floor coverings:

  • Laminate
  • Hardwood
  • Ceramic

Windows:

  • PVC

Heating source:

  • Hot water
  • Electric

Kitchen:

  • Melamine cabinets

Bathroom:

  • Bath and shower

Basement:

  • None

Upgrades:

  • Cabinets
  • Kitchen
  • Windows
  • Floors
  • Bathrooms
  • Roof
  • Painting

Garage:

  • Detached
  • Triple or more

Parking / Driveway:

  • Asphalt
  • Concrete
  • Outside

Location:

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

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
  • College

Near Recreational Service:

  • Golf course
  • Gym
  • Sportif center
  • Library
  • Ski resort

Complete list of property features

Room dimensions

Storey
Room
Dimensions
Flooring
Bathroom
Storey: Main floor
Dimensions: 4' 11" x 5' 1" (1,5 m x 1,55 m)
Flooring: Ceramic
Bedroom 1 (Primary)
Storey: Main floor
Dimensions: 14' 11" x 11' 7" (4,55 m x 3,53 m)
Flooring: Hardwood
Bedroom 2
Storey: Main floor
Dimensions: 13' 9" x 9' 9" (4,19 m x 2,97 m)
Flooring: Hardwood
Bedroom 3
Storey: Main floor
Dimensions: 13' 9" x 9' 1" (4,19 m x 2,77 m)
Flooring: Hardwood
Living room
Storey: Main floor
Dimensions: 12' 3" x 14' 7" (3,73 m x 4,45 m)
Flooring: Hardwood
Open concept
Storey: Main floor
Dimensions: 7' 11" x 22' 3" (2,41 m x 6,78 m)
Flooring: Hardwood

Annual and Monthly costs

Summary of Expenditures
Monthly
Annual
School taxes
$23.41
$280.89
Municipal taxes
$695.11
$8,341.31
Electricity
$32.17
$386.06
Heating
$648.76
$7,785.06
Insurance
$289.94
$3,479.28

Annual and Monthly revenues

Summary of Revenue
Monthly
Annual
Annual income
$5,200.00
$62,400.00

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.

$790,000

6 units or more for sale

373, 8e rue de la Pointe

Shawinigan (Shawinigan) Mauricie

No. 1016367

With income
Contact the owner

Are you a real estate agent?

This person is registered on the National Do Not Call List (DNCL).

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.

Contact the owner

Are you a real estate agent?

This person is registered on the National Do Not Call List (DNCL).

NB: The owner requests that you not solicit them for the purpose of getting a listing agreement to sell their property. Thank you for respecting their choice to sell without an agent.

Do you want to sell commission-free, too?