For Sale

$998,000

1702 - 1704 Rue Joliette , Longueuil (Le Vieux-Longueuil), QC J4K4W5

3 Beds 1 Baths

Remarks

Investment Opportunity: Prime Longueuil Location! 15 mins to Longueuil Metro, near Ecole des Petits Explorateurs & Claude-Henri Grignon Library. 1x 7 1/2 w/ 3 beds, sep. entrance, private yard; 4x 4 1/2 w/ 2 beds, laundry, storage. 5 parking, fenced yard, mature trees. Ideal for investors, easy to rent! Seller pays only for municipal tax, school tax, and building insurance. Hydro quebec, snow removal and grass maintenance is shared by the tenants.

Discover an exceptional investment opportunity nestled in the heart of Longueuil, just a stone's throw away from vibrant amenities and convenient transportation options. This meticulously maintained 5-plex residence offers an enticing blend of modern comfort and urban convenience, making it an ideal choice for savvy investors seeking stable returns and long-term growth potential.

Key Features:

Central Location: Situated mere minutes from the Longueuil Metro station, this property offers unparalleled access to downtown Montreal and surrounding areas, ensuring effortless commuting for tenants. Nearby attractions include the acclaimed Ecole des Petits Explorateurs, Claude-Henri Grignon Library, and a plethora of daycares, providing convenience and lifestyle amenities within walking distance.
Versatile Unit Layout: The 5-plex comprises a thoughtfully designed array of units, including one spacious 7 1/2 residence boasting 3 bedrooms, a separate entrance, and a private yard, ideal for families seeking comfort and privacy. Additionally, four 4 1/2 apartments feature 2 bedrooms each, complete with laundry installations and storage lockers, catering to diverse tenant preferences and lifestyles.

Ample Parking and Outdoor Space: The property offers the convenience of five dedicated parking spaces, ensuring hassle-free parking for residents and visitors alike. A fenced yard, adorned with mature trees for privacy and shade, creates a serene outdoor oasis, perfect for relaxation and recreation amidst the bustling cityscape.

Investor-Friendly Attributes: With its prime location, well-appointed units, and strong rental potential, this 5-plex represents a lucrative investment opportunity for discerning investors. The property's easy-to-rent nature and proven track record of occupancy make it a reliable income generator, while its proximity to key amenities ensures sustained demand from prospective tenants.

Seize the opportunity to add this exceptional 5-plex residence to your investment portfolio and unlock the potential for consistent cash flow and capital appreciation. Whether you're a seasoned investor or exploring new avenues in real estate, this property promises both stability and growth in one of Longueuil's most coveted neighborhoods.

For more information or to schedule a private viewing, contact us today and secure your stake in this thriving investment opportunity!

Inclusions:

5 hot water tanks

Exclusions:

Tenant's belongings

Property Summary

  • Neighbourhood: Centre
  • Lot Assessment: $254,800.00
  • Building Assessment: $331,200.00
  • Total Assessment: $586,000.00
  • Assessment Year: 2024
  • Municipal Tax: $5,195.00
  • School Tax: $524.00
  • Annual Tax Amount: $5,719.00 (2024)
  • Lot Frontage: 22.86 Metre
  • Lot Depth: 26.21 Metre
  • Lot Size: 599.2 Square Metres
  • Building Width: 16.34 Metre
  • Building Depth: 10.19 Metre
  • No. of Parking Spaces: 5
  • Built in: 1951
  • Bedrooms: 3
  • Bathrooms (Total): 1
  • Zoning: RESI

Building Features:

  • Driveway:
    Asphalt
  • Heating System:
    Electric baseboard units
  • Water Supply:
    Municipality
  • Heating Energy:
    Electricity
  • Proximity:
    Highway , Daycare centre , Metro , Park , Elementary school , Public transportation
  • Siding:
    Brick
  • Parking:
    Driveway
  • Sewage System:
    Municipality
  • Roofing:
    Elastomeric membrane

Revenue Units

  • Potential gross revenue: Residential
    $60,120.00
  • Potential gross revenue: Date
    03-06-2024

Expenses (annual)

  • Insurance
    $4,142.00

Revenue Units

  • Pieces: 7 Bedrooms: 3 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 4 Bedrooms: 2 Bathrooms: 1 Potential Monthly Revenue: $0.00
Lifestyle
Neighbourhood Info
Agent

Raymond Tsim

Courtier-propriétaire

Phone: 450.672.6450

Cell: 514.923.8888

Home Fax: 450.672.6621

Get More Info