Addendum
A SUPERB INVESTMENT OPPORTUNITY IN ST-DAMASE
A beautiful large 8plex surrounded by mature trees less than 20 minutes from downtown St-Hyacinthe.
Tenants and families benefit from several services on foot, the ice rink is adjacent to the building, and right next to it, the Complexe Sportif Desjardins and the pretty Parc des Loisirs for the youngest. A very enviable situation for tenants.
The building houses 8 apartments of 4 ½, including two on each floor, the building having three floors above ground plus a semi-basement. The land is large enough to allow 12 parking spaces at the rear.
All apartments are heated by electricity at the tenants' expense.
Land of 100 ft. x 114.7 ft. irregular = land area of 11,350 sq. ft.
Building of 54.1 ft x 35.9 ft irregular = floor area of ± 1944 sq ft on each floor.
Gross rental income from apartments of $5,318 (monthly) and $63,816 (annual) as of July 1st, 2024. The potential income is much higher.
This is a superb investment opportunity in St-Damase, a magnificent little green jewel of Montérégie, surrounded by large natural spaces where it is good to live in tranquility, but only 15 or 20 minutes from the City of St-Hyacinthe.
A very good investment for the future.
To get to know St-Damase better:
https://www.st-damase.qc.ca/loisirs/
This sale is made without any legal warranty of quality from the seller.
Offers to purchase must be accompanied by proof of down payment. Thank you.
A beautiful large 8plex surrounded by mature trees less than 20 minutes from downtown St-Hyacinthe.
Tenants and families benefit from several services on foot, the ice rink is adjacent to the building, and right next to it, the Complexe Sportif Desjardins and the pretty Parc des Loisirs for the youngest. A very enviable situation for tenants.
The building houses 8 apartments of 4 ½, including two on each floor, the building having three floors above ground plus a semi-basement. The land is large enough to allow 12 parking spaces at the rear.
All apartments are heated by electricity at the tenants' expense.
Land of 100 ft. x 114.7 ft. irregular = land area of 11,350 sq. ft.
Building of 54.1 ft x 35.9 ft irregular = floor area of ± 1944 sq ft on each floor.
Gross rental income from apartments of $5,318 (monthly) and $63,816 (annual) as of July 1st, 2024. The potential income is much higher.
This is a superb investment opportunity in St-Damase, a magnificent little green jewel of Montérégie, surrounded by large natural spaces where it is good to live in tranquility, but only 15 or 20 minutes from the City of St-Hyacinthe.
A very good investment for the future.
To get to know St-Damase better:
https://www.st-damase.qc.ca/loisirs/
This sale is made without any legal warranty of quality from the seller.
Offers to purchase must be accompanied by proof of down payment. Thank you.
Building details and property interior
Dimensions
54' 1" X 35' 9"
Year constructed
1979
Siding
Aluminum, Brick
Roofing
Other
Dividing Floor
Wood
Washer/Dryer (installation)
In all apartments
Renovations
Roof covering (2015, 13797)
Lot and exterior features
Lot size
100' X 114' 7" irr.
Lot area
11,350 ft²
Topography
Flat
Distinctive Features
Street corner
Driveway
Asphalt
Parking (total)
Driveway (12)
Proximity
Park, Daycare centre, Elementary school
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2022)
- Lot assessment
- $ 316,300
- Building assessment
- $ 548,200
- Total
- $ 864,500
Taxes
- Municipal (2024)
- $ 7,247
- School (2024)
- $ 583
- Total
- $ 7,830
Annual expenses
- Snow removal
- $ 440
- Total
- $ 440
Energy expenses
- Electricity
- $ 392
- Total
- $ 392
Gross annual revenues (potential)
- Residential
- $ 63,816
- Total
- $ 63,816
Inclusions and exclusions
Inclusions
According to the leases.
Exclusions
According to the leases. Tenants' property and furniture.
Mortgage payment calculator
$
$
$
%