1265 Adelard-Collette, Mont-Bellevue

Asking Price

$699,000

Property Description

A brick quadruplex consisting entirely of renovated 4½-room units, located in the Mont-Bellevue area near parks, schools, and shops. One unit will be vacant as of January 1, 2027—ideal for an owner-occupant! Owned by the same person since 1984, the building has undergone significant improvements over the years, including concrete steps, front balconies, doors, and unit renovations featuring the addition of heat pumps, among other upgrades. This is an excellent opportunity, whether for a first-time investment or for a buyer looking to capitalize on potential value appreciation.

Highlights

Landscaped lot with parking for four vehicles, bordered by hedges and partially sloping.

Wall-mounted heat pumps in all units.

Basement accessible from the side, with a large space that can be used for storage.

Close to Larocque School, DuPhare School, Arsène-Goyette Park, and all the amenities downtown has to offer!

Capital spendings in recent years

Modernization of the units.

Fiberglass front balconies.

Repair of concrete steps.

Replacement of exterior doors.

Installation of wall-mounted heat pumps.

Replacement of hot water tanks (3 in 2023, 1 in 2018)

Other information

The lot is bordered by hedges and is partially sloped and landscaped.

The sale is made without any legal warranty of quality, at the buyer’s own risk.

A right of way agreement has been signed with the property behind it.

Rent renewals are due in October, November, March, and April.

Location
Building description

General Information

Cadastral number1 028 911

Total Municipal Assessment

Total Municipal Assessment516 300 $
Municipal Land Assessment152 900 $
Municipal Building Assessment363 400 $

Construction

Number of Storeys2
Type of BuildingDetached
Type of ConstructionBrick and wood
Year of Construction1961

Electromechanical System

Fire SystemSmoke detectors

Parking

Type of ParkingExterior
Number of Parking Spaces4

Area

Land Surface Area10,000 square feet

Building type

Laundry RoomN/A
Number of Rooms16
Number of Units4 x 4.5
Washer/Dryer InletYes, in every unit
Appliance ResponsibilityTenants
Heating ResponsibilityTenants
Hot Water ResponsibilityTenants

Features

FencedNo
Internet and TelecomN/A
PlumbingCopper, ABS, PEX
Condition of RoofElastomer Membrane - 2008
Condition of DoorsSeveral have been replaced
Condition of BalconiesRenovated
Concierge AgreementN/A
Intercom and DoorbellDoorbells
Heating SystemElectric baseboard heaters and wall-mounted heat pumps
Hot Water SystemSeparate reservoirs: 3 from 2023, 1 from 2018
Condition of WindowsPVC Sliding Windows
Condition of KitchensGood condition
Electrical PanelsCircuit breakers
Exterior SidingBrick
Condition of BathroomsGood condition
Environmental ReportN/A
Floor CoveringVinyl, ceramic
Income & Expenses

Revenue

Unit1
Sq. Ft.
Rooms4
Bedrooms2
Bathroom1
Monthly Rent736 $
Lease ExpirationOctober 2027
Washer and Dryer EntryOui

Revenue

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Jessika Lahaie
Jessika Lahaie
Team Jessika Lahaie
Executive VP
|
Real Estate Broker | PMML Partner
819-345-2487 jessika.lahaie@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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