18 bedrooms
6 bathrooms
Lot dimensions 5 832.96 ft² (541.90 m²)

Owners’ comments

*** Turnkey 6PLEX building ***

** Accepted offer with pre-approval and proof of down payment required prior to dwelling visitation **

 
Excellent start / addition for passive income investor. Good condition recession-proof investment:

  • 5 ½ (6) with individual lockers
  • 8 parking spaces
  • Shed and indoor locker at owners disposal
  • Easy to Rent thanks to its strategic location on the south shore of Montreal (Ville Longueuil)
  • In proximity of all services and Jacques-Cartier Bridge / Longueuil Metro station
  • Electric heating and hot water paid by tenants
  • Electrical breaker box in dwellings

 

Total Residential revenue: $56,160 - Potential income: $60,000+

Operating costs:

  • Municipal taxes: $6,118.19
  • School taxes: $918.54
  • Insurances: $3,000
  • Electricity / heating (service): $500
  • Snow removal: $500
  • Superintendent / janitor on-site (optional): $200 / monthly contract


Renovations / improvements made over the years:

  • Asphalt redone (2005) - resurfaced: repaired and sealcoated (2019)
  • Dryer ventilation for each dwelling (2009)
  • Fire system (2017)
  • Hot water tanks replaced (2013)
  • Roof (2005)
  • Windows (2018)
  • Wrought iron railings / balconies repainted (2019)
  • Video surveillance system (2017): two (2) IP cameras in the common area for 24/7 remote viewing access - connected to a network video recorder (NVR)

And many more by previous owner.

Complete Description
Complete Description

Property features

Asking Price
$930,000
Details
With income
Year of construction
1971
Building dimensions
1 976.4 ft² (183.61 m²)
General condition
Very good
Certificate of Location
Yes
Number of parkings
8
3 Bedroom
6
Bedrooms (total)
18

Roof:

  • Gravel and asphalt

Windows:

  • PVC

Heating source:

  • Electric

Features:

  • Shed
  • Alarm system

Upgrades:

  • Windows
  • Floors
  • Painting

Parking / Driveway:

  • Asphalt

Location:

  • Highway access
  • Near park
  • Residential area
  • Public transportation

Complete list of property features

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.

$930,000

6 units or more for sale

No. 772117

With income
Contact the owner
Contact the owner