98 - 100A Mercier, *Saint-Jean-sur-Richelieu

Asking Price

$640,000

Building area

2,458 SQ. Ft.

Property Description

Located in the heart of Saint-Jean-sur-Richelieu, this detached triplex represents an excellent investment opportunity. Generating annual revenues of $39,672, the property consists of three residential units. Two units are currently vacant and available for immediate occupancy, offering rental potential of approximately $1,100 per month each. Heating, hot water, and appliances are paid by the tenants. Strategically located close to services and transportation.

Highlights

3 residential units, 2 of which will be vacant as of July 1, 2026

Heating, hot water, and appliances are the tenants' responsibility

Washer/dryer hookups in each unit

2 to 3 outdoor parking spaces

Close to shops, services, and public transportation

Dynamic rental market offering potential for immediate optimization upon acquisition

Capital spendings in recent years

Complete structural renovation

Roof replacement

Replacement of several doors and windows

Foundation work (insulation and reinforcement)

Renovation of the ground floor slab structure

Complete drywall replacement

Complete joint repair

Kitchen renovation

Bathroom renovation

Addition of masonry to the facade

Complete replacement of the front balconies

Other information

Lot size: 3,575 sq ft

Municipal assessment: $399,300

Year built: 1900

Vinyl siding

Located in the heart of Saint-Jean-sur-Richelieu, close to shops, services, and public transportation

Dynamic rental market offering medium-term optimization potential

The sale is made without legal warranty of quality, at the buyer's risk

Location
Building description

General Information

Cadastral number4 259 900

Total Municipal Assessment

Total Municipal Assessment119 600 $
Municipal Land Assessment279 700 $
Municipal Building Assessment399 300 $

Construction

Number of Storeys2
Type of BuildingDetached
Type of ConstructionBrick and wood
Year of Construction1900

Electromechanical System

Fire SystemNo

Parking

Type of ParkingExterior
Number of Parking Spaces3 spaces

Area

Land Surface Area3 575 sq. ft.

Building type

Laundry RoomN/A
Number of Rooms12
Number of Units1 x 5.5, 1 x 4.5, 1 x 3.5
Washer/Dryer InletYes, in each unit
Appliance ResponsibilityTenant
Heating ResponsibilityTenant
Hot Water ResponsibilityTenant

Features

FencedYes (backyard)
Internet and TelecomInternet
PlumbingABS
Condition of RoofApproximately 5 years / elastomer membrane
Condition of DoorsStandard / Good condition
Condition of BalconiesWooden / Standard
Concierge AgreementManagement team in place
Intercom and DoorbellN/A
Heating SystemElectric baseboards
Hot Water SystemIndependent tanks
Condition of WindowsStandard / partially renovated
Condition of Kitchens3 in very good condition / 2 out of 3 renovated
Electrical PanelsCircuit breakers
Exterior SidingVinyl and brick
Condition of Bathrooms3 in very good condition / 2 out of 3 renovated
Environmental ReportN/A
Floor CoveringVinyl
Income & Expenses

Revenue

Unit98
Sq. Ft.
Rooms5
Bedrooms3
Bathroom1
Monthly Rent1 106 $
Lease ExpirationJune 2027
Washer and Dryer EntryOui

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
%

Mortgage financing amount

$

Monthly Payment

$

CPU

$

GRM

Cashflow

Net Revenue $
Annual Mortgage Payment $
Cashflow After Loan $
Justin Picard
Justin Picard
|
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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