2050 - 2052 1re Avenue , Québec ( Limoilou) , G1L 3M5

Asking Price

550 000$

Property Description

Quadruplex offering the possibility of being transformed into a 6-unit building. Excellent opportunity for an investor looking for a project with high appreciation potential.

Highlights

Four-unit building comprising three 4½-room units and one 5½-room unit.

Potential to convert the building into 12 units (subject to municipal verification and approval).

Other information

This sale is made without legal warranty, at the buyer's risk.

Property requiring significant maintenance, renovation, and improvement work.

Excellent potential for value enhancement for an investor or contractor.

Location
Building description

General Information

Cadastral number1570421

Total Municipal Assessment

Total Municipal Assessment489 000 $
Municipal Land Assessment185 000 $
Municipal Building Assessment304 000 $

Construction

Number of Storeys2
Type of Building4-unit multi-family property
Type of ConstructionWood frame
Year of Construction1926

Electromechanical System

Fire SystemSmoke detectors

Parking

Type of ParkingOutdoor
Number of Parking Spaces1

Area

Land Surface Area3 846 pi² according to the certificate

Building type

Laundry RoomN/A
Number of Rooms17
Number of Units4
Washer/Dryer InletYes, in each unit
Appliance ResponsibilityTenants
Heating ResponsibilityTenants
Hot Water ResponsibilityTenants

Features

Fencedno
Internet and Telecomyes
PlumbingPex and copper, ABS and cast iron
Condition of RoofElastomeric, unknown age
Condition of DoorsOver 25 years old
Condition of BalconiesWooden, to be redone
Concierge AgreementNo agreement
Intercom and DoorbellNo
Heating SystemElectric baseboard
Hot Water SystemIndependent tanks
Condition of Windowsover 25 years old
Condition of Kitchensgood condition
Electrical Panelswith circuit breakers
Exterior SidingExterior cladding in masonry and vinyl
Condition of BathroomsTo be maintained or redone
Environmental ReportNo
Floor CoveringFloating floor, wood, vinyl, ceramic
Income & Expenses

Revenue

Unit2050-1
Sq. Ft.
Rooms4
Bedrooms1
Bathroom1
Monthly Rent806 $
Lease ExpirationVacant
Washer and Dryer EntryOui
Remarques
Rental Value

Revenue

Current Amount
Total Revenue / month
Annual Total Revenue / year

Expense

Current Amount
Total Expenses / month
Annual Total Expenses / year
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Financing Simulator

$
Required Down Payment
$
years
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Mortgage financing amount

$

Monthly Payment

$

CPU

$

GRM

Cashflow

Net Revenue $
Annual Mortgage Payment $
Cashflow After Loan $
Jérémy Ducasse
Jérémy Ducasse
|
Real Estate Broker
418-409-2071 jeremy.ducasse@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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