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Investment In Saint-Jérôme, Quebec

420 Rue Melançon, Saint-Jérôme, QC, J7Z 4K2

Property Information:

Well-located quadruplex on a corner lot, close to services, schools, CEGEP, university, public transit and commuter train. The building includes 4 residential units: 2 x 4 1/2, 1 x 3 1/2 and 1 x 2 1/2. Future rental income of $49,860/year as of July 2026. Great opportunity for an investor.

Residential quadruplex located on a corner lot, close to many services: schools, CEGEP, university, hospital, parks, bike path, public transit and commuter train.

The building includes 4 units:
- 420 #2: 4 1/2 on the ground floor
- 420 #3: 4 1/2 on the 2nd floor
- 420 #1: 3 1/2 in the basement
- 351 Henri: 2 1/2 in the basement

Current rental income: $47,580/year. Future rental income as of July 2026: $49,860/year.

According to the available information, apartment #2 was converted into a residential unit in 2005 and apartment 351 Henri was added in 1994. The property also offers a basement laundry area, storage spaces and a driveway that can accommodate several vehicles.

Great opportunity for an investor looking for a well-located income property in Saint-Jérôme, with four residential units and solid long-term holding potential.

Inclusions: Apt. 2 (4 1/2 ground floor): washer, dryer. Apt. 1 (3 1/2 basement): all furniture and appliances. Apt. 351 Henri (2 1/2 basement): all furniture and appliances. Washer and dryer in the shared laundry room in the basement between the 2 1/2 and the 3 1/2.

Exclusions : Tenants' personal belongings.

Building Features:

  • Style: Fourplex
  • Air Conditioning: Yes
  • Basement: 6 feet and more, Outdoor entrance, Finished basement
  • Common Walls: Detached
  • Construction Materials: Brick
  • Cooling: Wall-mounted heat pump
  • Foundation Details: Poured concrete
  • Heating: Convection baseboards, Electric baseboard units, Electricity
  • Lot Features: Highway, CEGEP, Daycare centre, Hospital, Park, Bicycle path, Elementary school, High school, Commuter train, Public transportation, University
  • Parking Features: Asphalt
  • Roof: Asphalt and gravel
  • Size: 10.66 x 10.39 METRE
  • Total Finished Area: 223.5 Square Metres
  • Utilities: Water Connected, Electricity Connected, Sewer Connected
  • Water Source: Municipality
  • Sewer: Municipality

Potential Gross Revenue:

  • Residential: $47,580

Taxes:

  • Municipal Tax: $4,482
  • School Tax: $326
  • Annual Tax Amount: $4,808

Property Assessment:

  • Lot Assessment: $92,500
  • Building Assessment: $395,900
  • Total Assessment: $488,400

Property Features:

  • Bedrooms: 1
  • Bathrooms: 1
  • Half Bathrooms: 0
  • Built in: 1944
  • Floor Space (approx): 223.5 Square Metres
  • Lot Depth: 20.73 Metre
  • Lot Frontage: 18.23 Metre
  • Lot Size: 373.90 Square Metres
  • Zoning: Residential
  • No. of Parking Spaces: 4

Dwelling Units:

  • Pieces 3
  • Bedrooms 1
  • Baths 1
  • Pieces 2
  • Bedrooms 1
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1
  • Pieces 4
  • Bedrooms 2
  • Baths 1

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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Demographic Information of 420 Rue Melançon, Saint-Jérôme, QC, J7Z 4K2

Life Stage

Young Singles

Employment Type

Service Sector

Average Household Income

$74,705.99

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

34.12 %

High school certificate or equivalent

24.84 %

Apprenticeship trade certificate/diploma

17.25 %

College/non-university certificate

13.78 %

University certificate (below bachelor)

0.69 %

University Degree

9.31 %

Commuter

Travel To Work

By Car

84.12 %

By Public Transit

4.5 %

By Walking

7.84 %

By Bicycle

0.0 %

By Other Methods

3.54 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

61.88 %

Houses

38.12 %

Own Vs. Rent

Location of 420 Rue Melançon, Saint-Jérôme, QC, J7Z 4K2

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