$2,233,000

Quadruplex for sale - Longueuil (Le Vieux-Longueuil) (Lemoyne)

$2,233,000

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$2,233,000

Quadruplex for sale - Longueuil (Le Vieux-Longueuil) (Lemoyne)

$2,233,000

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1581 - 1585 Rue Jean-Bariteau, Longueuil (Le Vieux-Longueuil) (Lemoyne), J4P 3H9

RARE INVESTMENT OPPORTUNITY! INCOME, LOCATION, *NEW CONSTRUCTION WITH LOTS OF POTENTIAL FOR INCREASE IN VALUE IN THE NEAR FUTURE! 4plex composed of 4 undivided Condos offering excellent rental income: OVER $101,000 AS OF July 2023. ANNUAL increase without rental board restrictions!! *Well located LeMoyne sector a highly sought after residential area! Longueuil metro station, Charles LeMoyne Hospital, Sherbrooke UNIVERSITY Longueuil Campus, Cégep Édouard Montpetit, St Lambert GOLF CLUB, CHSLD, High school. Gérard-Filion, French College, Transportation St Lambert Railway Station. *NEW CONSTRUCTION with GCR warranty.

  • Lot area: 6,200 SF
  • NUMBER OF ROOMS : 0
  • Year built : 2021
MARIA FRANCO
Residential Real Estate Broker
Brokers tranquilit
Building details and property interior
Particularities plusParticularities minus

40'8" X 47'2" Irregular

2021

Casement , French door

Poured concrete

Asphalt shingles

Laminate floor

Addenda
Particularities plusParticularities minus

RARE INVESTORs OPPORTUNITY!!!!
*INCOME$$, *LOCATION, *NEW CONSTRUCTION-VALUATION!!

*REVENUES $$: This Quadruplex 4 condos offers excellent rental income totalizing MORE than $101,000 annually. rental income as of July 2023 with potential to increase every year without restrictions for the next 4 years (new construction the TAL - Tribunal administratif du logement (rental board)- has no control over rent increases since it is new construction.

The property is on a street corner and has 2 addresses: 1581-1583 Rue Jena Bariteau and 1550 Chemin Tiffin:

4 condos with rents as of from July 2023:
- Condo 1581: on the main floor and lower level large 4 ½:
$1900; Area square feet/square meters: 927,85 p2 / 86,20 m2
- Condo 1583: on the main floor and 2nd floor a large 4 ½:
$2010; Area square feet/square meters: 1078,54 p2 /100,20 m2
- Condo 1585: on the main floor and 2nd floor a large 5 ½:
$2330; Area square footage square meters:1246,46 p2 / 116,00 m2
- Condo 1550: on the main floor and lower level a large 5 ½:
$2220; Area square feet/square meters:1277,67 p2 / 118,70 m2

*LOCATION: Two minutes from the Jacques Cartier Bridge, the LeMoyne sector is a highly sought after residential area! located a short distance from downtown, Longueuil has a strategic location due to its proximity to several points of interest:
- METRO Longueuil (7 min)
- HOSPITAL: Charles LeMoyne (4 min),
- UNIVERSITY: Sherbrooke Campus of Longueuil (6 min);
- CEGEP: Edouard Montpetit (12 mins)
- GOLF CLUB: St Lambert (4 min),
- CHSLD: St Lambert-sur-le-golf (1 min)
- SCHOOL: Gérard-Filion Secondary (3 min), French College (4 min)
- TRANSPORT: St Lambert train station (6min),

*NEW CONSTRUCTION AND VALUATION: The property benefits from a GCR new construction insurance from the contractor. Warranty as of November 2021.

- The property is self-managed by the company 9406-2320 Québec
Inc./ owner
- At the sale, the administration of the condos will be
transferred to the new buyer.
- The notary for the sale may be the one who prepared the
declaration of co-ownership or that of the buyer.
- The letters of rent increase for July 1, 2023 have been
delivered and signed by the tenants (copies available).

Building details and property interior
Particularities plusParticularities minus

40'8" X 47'2" Irregular

2021

Casement , French door

Poured concrete

Asphalt shingles

Laminate floor

Lot and exterior features
Particularities plusParticularities minus

75'7" X 101'7" Irregular

6,200.01 SF

Bordered by hedges , Landscaped

Flat

Asphalt

Driveway : 6

Highway , CEGEP , Daycare centre , Golf , Hospital , Metro , Park , Elementary school , High school , Commuter train , Public transportation , University

Residential

Characteristics
Particularities plusParticularities minus

Electric baseboard units

Electricity

Wall-mounted air conditioning , Air exchange system

Municipality

Municipality

Financial details
Particularities plusParticularities minus
Assessment
    Taxes
    Gross yearly revenu (potential)
    Annual Expenses
    1581 - 1585 Rue Jean-Bariteau, Longueuil (Le Vieux-Longueuil) (Lemoyne), J4P 3H9
    NEIGHBOURHOOD STATISTICS
    • Statistics Person living alone
    • Statistics Families with children
    • Statistics Families with no children
    • 22.3%
    • 22.4%
    • 14.2%
    • 15.5%
    • 24.9%
    • 15.1%
    • 3.2%
    • 12.4%
    • 52.6%
    • 16.3%
    UnilingualFrenchUnilingualEnglishBilingual(fr/en)Other 0% 10% 20% 30% 40% 50% 60% 70% 80% 90%100%
    • Statistics Household
    • Statistics Individual
    • Statistics Owners
    • Statistics Renters
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    MARIA FRANCO
    Residential Real Estate Broker
    Brokers tranquilit

    MORTGAGE PAYMENTS CALCULATOR

    Financial details

    Taxes
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    Annual Expenses
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