Completely renovated quadruplex! This 4 x 4.5 building has recently undergone major renovations, resulting in improved rental value, significantly reduced maintenance costs, and strong appeal for quality tenants. Energy costs are fully covered by the tenants, maximizing net profitability for the owner. The building is part of a real estate portfolio of 27 units, spread across 5 buildings, including 21 residential units and 6 commercial spaces. This is an excellent opportunity to get your hands on a renovated and profitable asset!
2024: Major renovations to the building, including kitchens, bathrooms, floor coverings, walls, insulation. Replacement of all windows and doors. Electrical panel replacement. One balcony replaced.
2023: Replacement of hot water tanks and installation of wall-mounted heat pumps.
Building listed as a heritage property by the Municipality of Joliette (Previously the town Legion). Visit upon acceptance of a promise to purchase. 1 unit is currently vacant. Building sold together with the following land registers: 2 900 833, 2 900 834, 2 900 836, 2 900 745 2 900 746. Mortgage assumption by the BUYER of the SELLER's mortgage obligations is possible. Sale without legal warranty of quality at the buyer`s own risks.
| Cadastral number | 2 900 745 |
| Total Municipal Assessment | $ 425 700 |
| Municipal Land Assessment | $ 139 800 |
| Municipal Building Assessment | $ 285 900 |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick & Wood | Stone foundation with basement |
| Year of Construction | 1900 |
| Fire System | Smoke detector |
| Type of Parking | Exterior | Municipal parking space available to rent |
| Land Surface Area | 3 541 sq.f |
| Laundry Room | N/A |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Outdoors storage to be added | |
| Plumbing | ABS |
| Condition of Roof | Asphalt shingles |
| Condition of Doors | 2024 |
| Condition of Balconies | 1 x 2024 | 1x Original |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric, Wallmounted heat pump |
| Hot Water System | Independent tank |
| Condition of Windows | 2024 |
| Condition of Kitchens | 2024 |
| Electrical Panels | Circuit Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | 2024 |
| Environmental Report | No |
| Floor Covering | 2024 |
| Unit | Sq. Ft. | Rooms | Bedrooms | Bathroom | Monthly Rent | Lease Expiration | Washer and Dryer Entry |
|---|---|---|---|---|---|---|---|
| 56 | 909 | 1 336 $ | June 2027 | ||||
| 58 | 909 | 1 325 $ | June 2027 | ||||
| 60 | 947 | 1 285 $ | July 2026 | ||||
| 62 | 947 | 1 429 $ | June 2026 |
| Unit | 56 |
|---|---|
| Sq. Ft. | 909 |
| Rooms | |
| Bedrooms | |
| Bathroom | |
| Monthly Rent | 1 336 $ |
| Lease Expiration | June 2027 |
| Washer and Dryer Entry |
| Current Amount | Adjusted Amount | % Adjustment | |
|---|---|---|---|
| Total Revenue | / month | ||
| Annual Total Revenue | / year |
| Current Amount | Adjusted Amount | % Adjustment | |
|---|---|---|---|
| Total Expenses | / month | / month | 0 % |
| Annual Total Expenses | / year | / year | |
| Net Revenue | / month | / year | 0 % |
$
$
$
| Net Revenue | $ |
|---|---|
| Annual Mortgage Payment | $ |
| Cashflow After Loan | $ |
