1423 - 1427 Ward, Richelieu

Asking Price

$830,000

Building area

2,573 SQ. Ft.

Property Description

Triplex located in Richelieu, in a highly sought-after area close to all amenities, including schools, shops, and public transportation. The property features three 5½ units, set on a large lot, with a rear storage shed as well as two separate driveways, offering great functionality for occupants. A great opportunity for an investor or an owner-occupant. Not to be missed!

Highlights

Energy costs are paid by the tenants.

Outdoor storage shed providing additional storage space.

Attractive potential for revenue optimization.

Several renovations have been completed over the years.

Capital spendings in recent years

Roof redone in 2021.

Bathroom of unit 1427 renovated in 2021.

Windows replaced in 2023.

Window trims redone in 2023.

Other information

Located in a homogeneous and sought-after area.

Quick access to major highways and public transportation.

Just minutes from the Richelieu River and its attractions.

Municipality known for its peaceful, family-friendly lifestyle.

Only two units were photographed, but it is indeed a three-unit building.

The sale is made without legal guarantee of quality at the buyer's risk.

Location
Building description

General Information

Cadastral number1 811 994

Total Municipal Assessment

Total Municipal Assessment$649 100
Municipal Land Assessment$266 900
Municipal Building Assessment$382 200

Construction

Number of Storeys2
Type of BuildingDetached
Type of ConstructionBrick and wood
Year of Construction1987

Electromechanical System

Fire SystemSmoke detectors

Parking

Type of ParkingOutdoor (asphalt driveway)
Number of Parking SpacesApproximately 8 spaces

Area

Land Surface Area7,500 sq. ft.

Building type

Laundry RoomN/A
Number of Rooms15
Number of Units3 x 5 1/2
Washer/Dryer InletYes
Appliance ResponsibilityTenants
Heating ResponsibilityTenants
Hot Water ResponsibilityTenants

Features

FencedCedar hedge
Internet and TelecomNo
PlumbingCopper/ABS
Condition of RoofRoof redone in 2021
Condition of DoorsGood condition (1 new)
Condition of BalconiesMetal balconies
Concierge AgreementNo
Intercom and DoorbellIndependent entrances
Heating SystemElectric baseboards and one heat pump
Hot Water SystemIndependent tanks
Condition of WindowsReplaced in 2023
Condition of KitchensGood condition
Electrical PanelsCircuit breakers
Exterior SidingAluminum and brick
Condition of BathroomsGood condition
Environmental ReportN/A
Floor CoveringParquet, ceramic, and vinyl
Income & Expenses

Revenue

Unit1423
Sq. Ft.
Rooms
Bedrooms
Bathroom
Monthly Rent980 $
Lease ExpirationJune 2027
Washer and Dryer Entry
Remarques
The current rent is $930 until June 2026

Revenue

Current Amount
Total Revenue / month
Annual Total Revenue / year

Expense

Current Amount
Total Expenses / month
Annual Total Expenses / year
Net Revenue / month

Financing Simulator

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Required Down Payment
$
years
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Mortgage financing amount

$

Monthly Payment

$

CPU

$

GRM

Cashflow

Net Revenue $
Annual Mortgage Payment $
Cashflow After Loan $
Alyson Marceau
Alyson Marceau
Team Jessika Lahaie
VP
|
Real Estate Broker
450-521-6898 alyson.marceau@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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