Exceptional investment opportunity in Shawinigan: 8-unit building sold with three other buildings in the portfolio, totaling 32 units, offering stable income and strong potential for optimization. The building enjoys a solid occupancy rate with quality tenants. Ideal for investors looking to grow their real estate portfolio in a vibrant market.
Good potential for optimization
Located in a quiet neighborhood, yet close to essential services
High-quality tenants
Lockers available for tenants
Roof redone in 2025
Complete replacement of main water valves
Replacement of all faucet and toilet valves
The sale is made without any legal guarantee of quality, at the buyer's own risk.
According to the certificates of location in the seller's possession, the PROPERTY appears to be a
real estate complex within the meaning of the Act respecting the Administrative Housing Tribunal (L.R.Q., c. T-15.01) but does not
constitute a part that has been detached from a real estate complex within the meaning of the Act respecting the
Administrative Housing Tribunal Act (R.S.Q., c. T-15.01) following an alienation, without having first obtained
the authorization of the Administrative Housing Tribunal.
| Cadastral number | 3 033 285 |
| Municipal Assessment | $591 300 |
| Municipal Land Assessment | $85 900 |
| Municipal Building Assessment | $505 400 |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1987 |
| Fire System | Smoke detector |
| Number of Parking Spaces | ~10 spaces |
| Land Surface Area | 13 504 |
| Laundry Room | None |
| Number of Units | 8 x 4.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants for the apartments and owner for the common areas |
| Hot Water Responsibility | Tenants |
| Fenced | N/A |
| Internet and Telecom | N/A |
| Plumbing | Copper/PEX/ABS |
| Condition of Roof | Good condition - redone in 2025 |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Intercom |
| Heating System | Electric baseboard heaters |
| Hot Water System | Independent tank |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | Phase I |
| Floor Covering | Floating, ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $72,936 | 100 % | $760 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $72,936 | $760 | |
| Vac. / Bad debt | $2,188 | 3 % | $23 |
| EGR | $70,748 | $737 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,007 | 4.3 % | $376 |
| Municipal Taxes | Current | $12,703 | 18 % | $1,588 |
| School Taxes | Current | $361 | 0.5 % | $45 |
| Insurance | Current | $4,128 | 5.8 % | $516 |
| Electricity | Current | $349 | 0.5 % | $44 |
| Heating | Current | |||
| Snow Removal | Current | $1,230 | 1.7 % | $154 |
| Elevator | ||||
| Lawn | Current | $762 | 1.1 % | $95 |
| Structural reserve | ||||
| Janitor | Normalised | $1,720 | 2.4 % | $215 |
| Maintenance | Normalised | $4,880 | 6.9 % | $610 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| Total expenses | $29,140 | 41.2 % | $3,642 | |
| Net Revenue | $41,608 | $5,201 |
To see the detailed rent rolls of this building, you need to be connected.
