$1,749,000

Investment For Sale In Laval-des-Rapides, Laval (Laval-des-Rapides), Quebec

$1,749,000

Property Information:

A great opportunity. - In-demand, sought-after location - Close to major highways and public transportation (metro, train, bus, etc.). - 8 large 5 1/2 in good condition, all leases renewed until 2024. - installation of north and west french drains 2021 - Aluminum windows, thermos 2016 -Paving redone in 2021 - 8 parking spaces. - Several other renovations/improvements in the units over time

Beautiful large 8 plex well maintained over the years, located in a residential neighborhood, sought-after for its tranquility and proximity to highways, schools (primary, secondary, CEGEP, university), parks, grocery stores, Montmorency metro station, Concorde train station (within 10 minutes' walk) and many entertainment venues (Place Bell, Maison des Arts, Centre Laval, Centr-o-polis, Carrefour Laval and more ...).

8 units of 5 1/2, including 3 bedrooms, large front (living room) and rear (kitchen) balconies, washer-dryer installation, hot water tank less than 10 years old and ample interior storage for each apartment.

Owner conscientious about the well-being of his tenants and the health of his building. Solid, brick-clad building on all 4 facades, staircase,

- Exterior balustrades and steps on 1st floor to be restored (2023) by vendor.
- Flat roof with bitumen and gravel in 2007, shingles to be replaced in 2020.
- Installation of north and west French drains in 2021.
- Aluminum and thermos windows in 2016
- Paving redone in 2021, including 8 parking spaces;
- Several other renovations inside the units since 2017, kitchen, bathroom and floors, etc....

In addition, the City of Laval redid the sewers, water inlets, sidewalks, bike paths on both sides and streetlights on Avenue Ampère in 2021.

A great opportunity for an investment!

Inclusions: 8 hot water tanks, one dishwasher in Apt 5.

Exclusions : Tenants' furniture and appliances, personal effects.

Building Features:

  • Driveway: Asphalt
  • Foundation: Poured concrete
  • Parking: Driveway
  • Proximity: Highway, CEGEP, Daycare centre, Metro, Elementary school, High school, Commuter train, Public transportation, University
  • Roofing: Asphalt shingles, Asphalt and gravel
  • Siding: Brick
  • Windows: Aluminum
  • Heating System: Electric baseboard units
  • Heating Energy: Electricity
  • Water Supply: Municipality
  • Sewage System: Municipality

Potential Gross Revenue:

  • Residential: $85,152

Taxes:

  • Municipal Tax: $12,752
  • School Tax: $1,115
  • Annual Tax Amount: $13,867

Property Assessment:

  • Lot Assessment: $350,600
  • Building Assessment: $884,400
  • Total Assessment: $1,235,000

Property Features:

  • Built in: 1981
  • Lot Frontage: 27.43 Metre
  • Lot Size: 794.40 Square Metres
  • Zoning: RESI
  • No. of Parking Spaces: 8

Revenue Units:

Courtesy of: Royal LePage Humania

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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