$2,250,000

Investment For Sale In Saint-Jean, Saint-Jean-sur-Richelieu, Quebec

$2,250,000

Property Information:

This twelve-unit multifamily commercial property offers a lucrative investment opportunity with the potential to increase rents and a prime location just a 2 minute walk from the 685 Carignan bus line, this property is ideally located close to hospitals, schools and shopping centres.

**PROXIMITY**
- Located just a 2-minute walk from the 685 Carignan bus line
- Close proximity to hospitals, schools, and shopping centers

**AMENITIES**
- Opportunity to increase rental income

**UNIT DETAILS**
- Number of units: 12
- Hydro Quebec: For appartement #4 and common areas paid by landlord
- Included for Tenants: Refrigerator and stove for appartement #4
- Additional Information: Janitor lives in appartement #1


Feasibility Plan for a Potential Expansion Project
Project Overview: The proposed expansion will encompass an area of 30' x 71.3'' over three floors. This development aims to enhance the current residential capacity by adding five additional housing units.

Parking Requirements: According to the surveyor's calculations, the project will provide a total of 22 parking spaces, detailed as follows:

12 Parking Spaces: Allocated for the existing 12 housing units, which have acquired rights.
10 Additional Parking Spaces: Designated for the five new housing units.
Landscaping and Green Space: The municipality mandates that 25% of the property be designated as green space. The surveyor has incorporated 40% green space in the design, taking into account the necessary lateral margins. Given the property's location on a corner lot, a distance of 6 meters from the street is required.

Potential Variance: The surveyor indicated the possibility of obtaining a variance to allow for two additional parking spaces to the right of parking space number 13. The process for this variance will be initiated by the eventual buyer.

Inclusions: 12 hot water tanks, 1 washer & dryer (in laundry room), refrigerator, stove in appt. #4

Exclusions : all personal belonging of the tenants

Building Features:

  • Size: 14.89 x 20.76 METRE
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $120,072
  • Other: $720

Taxes:

  • Municipal Tax: $17,116
  • School Tax: $1,109
  • Annual Tax Amount: $18,225

Property Assessment:

  • Lot Assessment: $449,800
  • Building Assessment: $781,900
  • Total Assessment: $1,231,700

Property Features:

  • Built in: 1974
  • Irregular: Yes
  • Lot Depth: 35.51 Metre
  • Lot Frontage: 23.84 Metre
  • Lot Size: 1685.70 Square Metres
  • Zoning: RESI

Revenue Units:

Courtesy of: Royal LePage du Quartier

Data provided by: Centris - 600 Ch Du Golf, Ile -Des -Soeurs, Quebec H3E 1A8
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved.

Sold without legal warranty of quality, at the buyer's own risk.

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