340 Lewis O, Waterloo

Asking Price

$1,080,000

Building area

4,430 SQ. Ft.

Property Description

Superb quadruplex built in 2022, ideally located near all amenities and recreational activities. The property is 100% LEASED and features 4 x 2-bedroom units, each with its own private entrance. Strategically located near Highway 10, approximately 45 minutes from both Montreal and Sherbrooke. An opportunity not to be missed!

Highlights

Each unit includes outdoor storage space, an air exchanger, a wall-mounted heat pump, and a central vacuum system.

Energy costs are the responsibility of the tenants.

Possibility to assume the existing mortgage loan: approximate outstanding balance of $715,353, fixed interest rate of 4.63%, monthly payments of $3,853.64, maturity date of August 31, 2027, and 27 years remaining on the amortization.

Capital spendings in recent years

Construction 2022

Other information

Located 350 m from Wilfrid-Léger High School and 1.1 km from l’Orée-des-Cantons Elementary School.

Location
Building description

General Information

Cadastral number6 421 245

Total Municipal Assessment

Total Municipal Assessment940 800 $
Municipal Land Assessment102 400 $
Municipal Building Assessment838 400 $

Construction

Number of Storeys2
Type of BuildingDetached
Type of ConstructionBrick and wood
Year of Construction2022

Electromechanical System

Fire SystemSmoke alarms

Parking

Type of ParkingAsphalt driveway
Number of Parking Spaces9 spaces

Area

Land Surface Area8 534 sq. ft.

Building type

Laundry RoomNo
Number of Rooms16
Number of Units4 x 4.5
Washer/Dryer InletYes
Appliance ResponsibilityTenants
Heating ResponsibilityTenants
Hot Water ResponsibilityTenant
Concrete slab on the ground.

Features

Internet and TelecomNo
PlumbingCopper, ABS
Condition of Roof2022
Condition of Doors2022
Condition of Balconies2022
Concierge AgreementN/A
Intercom and DoorbellIndependent entrances
Heating SystemElectric baseboard heaters and heat pumps
Hot Water SystemIndependent tanks
Condition of Windows2022
Condition of Kitchens2022
Electrical PanelsCircuit breakers
Exterior SidingAluminum, Brick, Vinyl
Condition of Bathrooms2022
Environmental ReportN/A
Floor CoveringCeramic, Vinyl
Income & Expenses

Revenue

Unit1
Sq. Ft.
Rooms4
Bedrooms2
Bathroom1
Monthly Rent1 360 $
Lease ExpirationAugust 2027
Washer and Dryer EntryOui

Revenue

Current Amount
Total Revenue / month
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Expense

Current Amount
Total Expenses / month
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Financing Simulator

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Mortgage financing amount

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Monthly Payment

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CPU

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GRM

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Net Revenue $
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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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