ST-CONSTANT - Income building with 8 units (4 1/2 - 925 sq. ft. each) Excellent condition.               $1,525,000

The building built in 1986, has been very well maintained with several capitalization projects. The parking lot was redone in 2015 with concrete sidewalks and a concrete slab for the garbage can. All 8 bathrooms were completely redone in 2018-2019 (reconstruction and work photo document available).

Features:

• Parking lot redone (excavation/foundation/pavement) 2015
• Bathroom (8) completely redone from the structure including windows 2018-19
• 4 units renovation 2019
• Main entrance door replaced 2019
• 8 back patio door replaced 2022
• Patio door front/ 2 main entry windows and 2 windows basement on order (April 2023)
• Interior entrance landing replaced 2015
• Renovation Front and back balcony, fiber (2015)
• Roofing 2010
• Master key for the owner (apartments/service rooms)
• 12 parking spaces, 4 of which are paid ($20/month)
• Laminated/floating laminate and ceramic floor
• Non-smoking environment (Clause in leases)
• Owner of the building for over 15 years
• Cadastre #3 136 390
• 2 Tenants will leave in June 2023, so excellent market adjustment opportunity

Very good tenants, calm and reliable, sought-after units, and extremely easy to rent (100% occupancy). All electricity costs are the responsibility of the tenants. Excellent upside potential with market at $1150-$1250+/month ($96,000+/year) for area comparables. 

•  Potential annual income as of July 1, 2023: $91,500+.
•  Annual expenses: $22 653 (taxes/insurance/Hydro/container/snow removal/gas)

For any potential buyer:

• We will consider All offers and analyze them
• Realtor at buyer's expense only
• Visits of all rental units and inspection with accepted offer to purchase only
• Seller's declaration available only with mortgage approval

                        For the first contact, please send me an email

                                         ddelisle1969@gmail.com