1163 - 1169 Duvernay, Longueuil

Asking Price

$1,269,000

Building area

3,660 SQ. Ft.

Property Description

Detached 5-unit brick and wood building, consisting of one 5½ and four 3½ units, built in 1975. Located on rue Duvernay in Vieux-Longueuil, steps from Fernand-Bouffard Park and approx. 2 km from Longueuil–Université-de-Sherbrooke metro station. Energy costs are paid by the owner. The units feature large bedrooms and spacious rooms, and the building has benefited from targeted renovations, including three bathrooms and new stucco in 2026. A stable asset in a well-served area!

Highlights

Snow removal paid by tenants

Cégep Édouard-Montpetit and IGA at Centre Jacques-Cartier approx. 2 km away

5 parking spaces

Electric heating (baseboard heaters), paid by the owner

On-site laundry room, washer-dryer hookup in the 5½ and fenced backyard

Charles-Le Moyne Hospital approx. 3 km away

Storage space available for all 5 tenants

Capital spendings in recent years

Windows and patio doors – 2007

Renovated kitchen in unit 1163

Front and rear stucco – 2026

Renovation of three bathrooms, the kitchen in unit 1163.

Roof – approx. 2011

Front balcony decking

Other information

The sale is made without legal warranty of quality, at the buyer's own risk and peril.

Copper plumbing

Electrical panels with circuit breakers

No janitor agreement in place

Some photos have been edited using artificial intelligence for presentation purposes only; these edits are not intended to alter or enhance the actual condition of the unit, which is in very good condition and very well maintained.

Location
Building description

General Information

Cadastral number2 627 692

Total Municipal Assessment

Total Municipal Assessment$ 880 300
Municipal Land Assessment$ 230 300
Municipal Building Assessment$ 650 000

Construction

Number of Storeys2
Type of BuildingDetached
Type of ConstructionBrick and wood
Year of Construction1975

Electromechanical System

Fire SystemSmoke detectors

Parking

Type of ParkingExterior
Number of Parking Spaces5 spaces

Area

Land Surface Area4984 sq. ft

Building type

Laundry RoomYes
Number of Rooms17
Number of Units1 x 5.5 + 4 x 3.5
Washer/Dryer InletNo, except for 5.5
Appliance ResponsibilityTenant
Heating ResponsibilityOwner (one meter for the building)
Hot Water ResponsibilityOwner (one water tank for the building)

Features

FencedYes (backyard)
Internet and TelecomYes, Internet
PlumbingCopper and ABS
Condition of RoofRoof that is about 15 years old
Condition of DoorsPatio doors installed in 2007
Condition of BalconiesFiberglass and wood
Concierge AgreementNo
Intercom and DoorbellDoorbell
Heating SystemElectric baseboard heaters + 1 x fuse (1167 #1)
Hot Water SystemSeparate water heaters (2 x 60 gallons)
Condition of WindowsThe windows date from 2007
Condition of KitchensGood condition
Electrical PanelsCircuit breakers
Exterior SidingBrick
Distance from fire station and hydrantNearby
Condition of Bathrooms3 renovated bathrooms
Environmental ReportN/A
Floor CoveringCeramic tile, floating floor and parquet
Income & Expenses

Revenue

yearly
Residential $77,856
Affordable res.
Commercial
Lockers
Parking
Laundry
Total revenues $77,856
Vac. / Bad debt $2,336
EGR $75,520

Expenses

Calc. yearly
Administration Normalised $3,398
Municipal Taxes Current $5,846
School Taxes Current $600
Insurance Current $2,184
Electricity Current $6,695
Heating
Snow Removal
Elevator
Lawn
Structural reserve
Janitor Normalised $1,250
Maintenance Normalised $3,500
Appliances
WiFi
Heat pump
CHMC: Other Costs Normalised $755
Total expenses $24,229
Net Revenue $51,292

Financing

schl conv
Maximum loan amount $894,552$573,812
Financing CAP 4.87 %6.70 %
Debt coverage ratio 1.11.25
Interest Rate 4.3 %5.25 %
Amortization 40 Years25 Years
Term 5 Years5 Years

Treasury

schl conv
Net Revenue $51,292 $51,292
Annual Mortgage Cost $49,512 $41,033
Net cash after mortgage $1,779 $10,258
RETURN ON INVESTMENT
Down Payment $374,448 $695,188
Cash on cash return 0.5 % 1.5 %
Return on liquidity + capitalization 2.9 % 3.1 %
Total yearly return with appreciation of 3 %
13.1 %
8.61 %

Indicators

CPU
253 800 $
GIM
16,3
NIM
24,7
CAP
4 %
Rent roll

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Justin Picard
Justin Picard
|
Real Estate Agent
514-794-3234 justin.picard@pmml.ca
Property Photos
The remarks, descriptions, characteristics and financial projections contained in this document are for information only and should not be considered official. The information contained herein comes from sources we believe to be reliable, but for which we cannot guarantee the accuracy. It is the buyer's responsibility to check everything and to declare themselves satisfied or dissatisfied with it during the due diligence process following an accepted promise to purchase.
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