455 Saint-Michel, Saint-Jean-sur-Richelieu

Asking Price

$1,079,000

Property Description

Spacious and well-maintained 4-plex, ideal for investors! Having undergone several recent renovations, this 4-unit building represents a rare opportunity. The main unit (6 ½) has been completely renovated, offering a modern and attractive living space for residents. The roof and windows have also been replaced, meaning no major maintenance is expected in the short term. Located in a sought-after area of Saint-Jean-sur-Richelieu, this 4-plex generates annual income of $74,868 and offers excellent potential for rent increases. Don’t miss out on this opportunity!

Highlights

Outdoor parking and storage spaces offer practical amenities that are highly sought after by tenants.

A quiet, residential, family-friendly neighborhood consisting mainly of small homes and multi-unit buildings, ensuring a peaceful and safe environment.

The building has benefited from significant capital investments in recent years, ensuring the asset’s long-term sustainability.

Solid profitability, with stable financial performance and attractive optimization potential for a future owner.

Translated with DeepL.com (free version)

Capital spendings in recent years

Owner since 2020, several jobs done for over $ 160,000 in renovations. Absolutely nothing to do. Good potential to increase income. Ideal for owner-occupant. 6 1/2 right has 2 bathrooms.

2018: New Gutters

2010-2011 / 2006: Electrical inputs (units #1 and #2)

Addition of a sump pump in 2006

Other information

The garage has been converted into storage space for the current tenants. However, it can be converted back into a single-car garage. Conveniently located in a quiet neighborhood, this property is a solid investment. A visit will convince you!

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

Location
Building description

General Information

Cadastral number3 088 850

Total Municipal Assessment

Total Municipal Assessment$ 722 300
Municipal Land Assessment$ 267 000
Municipal Building Assessment$ 455 300

Construction

Number of Storeys2
Type of BuildingIsolated
Type of ConstructionBrick and wood
Year of Construction1959

Electromechanical System

Fire SystemTo be verified

Parking

Type of ParkingIntérieur / exterior
Number of Parking Spaces6 spaces

Area

Land Surface Area7 370 sq.ft

Building type

Laundry RoomNo
Number of Rooms22
Number of Units2 x 6.5 + 2 x 5.5
Washer/Dryer InletYes, in each unit
Appliance ResponsibilityTenants
Heating ResponsibilityTenants
Hot Water ResponsibilityTenants

Features

FencedNo
Internet and TelecomTo be verified
PlumbingABS / PEX
Condition of RoofElastomer membrane (2011)
Condition of DoorsRedone in 2021
Condition of BalconiesBonne condition
Concierge AgreementNo
Intercom and DoorbellNo
Heating SystemElectric baseboards
Hot Water SystemIndependant tanks
Condition of WindowsRedone in 2021
Condition of KitchensKitchens completely redone in 2005 and 2008 (units #3 + #1)
Electrical PanelsCircuit breakers / Electrical panel redone (unit #1)
Exterior SidingBrick
Condition of BathroomsBaths
Environmental ReportNo
Floor CoveringFloating / Wood
Income & Expenses

Revenue

Unit1
Sq. Ft.
Rooms
Bedrooms
Bathroom
Monthly Rent2 062 $
Lease ExpirationJune 2027
Washer and Dryer Entry

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Justin Picard
Justin Picard
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Real Estate Agent
514-794-3234 justin.picard@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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