LOCATION AAA – HISTORIC VIEUX-LONGUEUIL. Rare on the market, detached 6-plex (6 x 4½) steps away from the iconic Saint-Charles Street, with its terraces and restaurants. Well-maintained and improved building over the years. Four out of six units renovated, offering bright rooms, two closed bedrooms, hardwood floors, and balconies. Energy costs entirely at the tenants' expense. Prized location, very in demand, and good potential for income optimization. A privileged opportunity to acquire a building in a sector where opportunities are rare.
Exceptional location in the heart of Vieux-Longueuil's heritage sector. Highly sought-after sector, with strong rental demand.
Close to schools, parks, shops, public transit, and Longueuil metro, with quick access to bridges and main arteries to Montreal.
Over the years: Renovation of 4 out of 6 units
2025: Replacement of two backwater valves and the exterior catch basin ($3,369).
2025: Replacement of the water and sewer service entrance ($11,325)
2020: Masonry repair on the left side wall, anchor replacement, Tyvek membrane installation, repointing, and punctual repairs at the rear and front ($11,038).
2009: Roof repair work
Average rent of $1,111/month for the six 4½ units, offering good potential for rental income optimization.
The sale is made without legal warranty of quality, at the buyer's risk and peril.
| Cadastral number | 2 008 063 |
| Total Municipal Assessment | 1 034 300 $ |
| Municipal Land Assessment | 283 700 $ |
| Municipal Building Assessment | 750 600 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1957 |
| Fire System | Fire extinguisher in common areas, emergency lighting |
| Type of Parking | Exterior |
| Number of Parking Spaces | 5 (4 tandem on the left, 1 on the right) |
| Land Surface Area | 4697 sq ft |
| Laundry Room | No |
| Number of Units | 6 x 4.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Yes |
| Internet and Telecom | Yes |
| Plumbing | Copper, ABS |
| Condition of Roof | 2009 - Tar - gravel |
| Condition of Doors | Good condition (rear aluminum - wood in front) |
| Condition of Balconies | Fiberglass - excellent condition |
| Concierge Agreement | Verbal agreement - Contact the broker |
| Intercom and Doorbell | Intercom and doorbell |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks (landlord) |
| Condition of Windows | PVC - Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Breakers - 125 AMP |
| Exterior Siding | Brick |
| Distance from fire station and hydrant | To be verified |
| Condition of Bathrooms | Good condition |
| Environmental Report | No |
| Floor Covering | Hardwood, ceramic, linoleum |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $79,992 | 100 % | $1,111 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $79,992 | $1,111 | |
| Vac. / Bad debt | $2,400 | 3 % | $33 |
| EGR | $77,592 | $1,078 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,492 | 4.5 % | $582 |
| Municipal Taxes | Current | $7,515 | 9.7 % | $1,253 |
| School Taxes | Current | $716 | 0.9 % | $119 |
| Insurance | Current | $3,973 | 5.1 % | $662 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $897 | 1.2 % | $150 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.9 % | $250 |
| Maintenance | Normalised | $4,200 | 5.4 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $776 | 1 % | $129 |
| Total expenses | $23,069 | 29.7 % | $3,845 | |
| Net Revenue | $54,524 | $9,087 |
| Maximum loan amount | $868,647 | $937,456 | $937,456 | $1,007,803 |
| Financing CAP | 4.71 % | 4.94 % | 4.94 % | 5.14 % |
| Debt coverage ratio | 1.1 | 1.1 | 1.1 | 1.1 |
| Interest Rate | 4.0 % | 4.4 % | 4.4 % | 4.4 % |
| Amortization | 30 Years | 40 Years | 40 Years | 50 Years |
| Term | 5 Years | 5 Years | 5 Years | 5 Years |
| Net Revenue | $54,524 | $54,524 | $54,524 | $54,524 |
| Annual Mortgage Cost | $49,567 | $52,638 | $52,336 | $52,179 |
| Net cash after mortgage | $4,957 | $1,886 | $2,188 | $2,345 |
| RETURN ON INVESTMENT | ||||
| Down Payment | $630,353 | $561,544 | $561,544 | $491,197 |
| Cash on cash return | 0.8 % | 0.3 % | 0.4 % | 0.5 % |
| Return on liquidity + capitalization | 3.2 % | 2.0 % | 2.1 % | 1.7 % |
| Total yearly return with appreciation of 2 % | 7.98 % | 7.35 % | 7.4 % | 7.81 % |
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