$3,809,000
ULS: 24236767
8-15-Plex
for sale
1252 - 1274 Av. Cécile, Saint-Césaire
Great opportunity in St-Césaire: 2 recent rental buildings of 6 units each, built in 2020. Condo-quality construction, excellent income and an asking price below 17.5 times gross income. Possibility to assume existing financing offering attractive terms, subject to lender approval. Convenient location near Route 112, Autoroute 10, services, shops, schools, parks and green spaces. Sought-after product for an investor looking for recent, well-located and easy-to-manage buildings. Acquisition possible as a package or by individual building. See also Centris No. 15746732.
Sale with exclusion(s) of legal warranty - See listing broker(s)
RICHARD BOIVIN
Residential and Commercial Real Estate Broker
Addendum
Great opportunity to acquire 2 recent rental buildings located in St-Césaire, each consisting of 6 units and built in 2020. A sought-after investment opportunity: recent buildings, attractive income, simplified management and strong uniformity between the properties.
The asking price represents less than 17.5 times the annual gross income, offering an attractive position for buildings of this generation.
Condo-quality construction: wood-frame buildings with the addition of approximately 1.5 inches of concrete to improve soundproofing. The portfolio also includes 24 parking spots.
The sector offers a convenient St-Césaire location, with quick access to Route 112 and Autoroute 10, as well as shops, services, schools, parks and green spaces. The location combines the quietness of a residential setting with good regional accessibility.
Potential assumption of several existing mortgage loans, subject to lender approval. These loans offer attractive terms that may be favourable to a qualified buyer, with potential savings on certain costs related to new CMHC/MLI Select financing. Terms, balances and conditions to be confirmed.
The buildings may be acquired as a package or separately, subject to terms to be agreed upon. The properties are held as divided co-ownership fractions, each corresponding to one 6-unit rental building. It is not 12 individual residential condos for sale.
Details by building:
1252 av. Cécile, St-Césaire J0L 1T0: private lot 6 358 925, with related rights in the common portions
Approx. mortgage balance: $1,400,000, rate: 3.48%, term: October 30, 2030, amortization maturity: October 30, 2065
Private land: 398.0 m2 + 50% undivided share of common portions, representing 1,454.0 m2; gross income: $108,492; asking price: $1,897,000
1274 av. Cécile, St-Césaire J0L 1T0: private lot 6 358 924, with related rights in the common portions
Approx. mortgage balance: $1,388,000, rate: 3.48%, term: October 30, 2030, amortization maturity: October 30, 2065
Private land: 398.0 m2 + 50% undivided share of common portions, representing 1,454.0 m2; gross income: $109,368; asking price: $1,912,000
Total St-Césaire:
Approx. mortgage balance: $2,788,000, estimated weighted average rate: 3.48%, term: October 30, 2030, amortization maturity: October 30, 2065
Land: 796.0 m2 private + common lot PC-6 358 923: 2,908.0 m2; total: 3,704.0 m2; gross income: $217,860; asking price: $3,809,000
__________
The seller also has another listing in St-Jean-sur-Richelieu, Centris No. 15746732, consisting of 6 rental buildings of 6 units each.
The asking price represents less than 17.5 times the annual gross income, offering an attractive position for buildings of this generation.
Condo-quality construction: wood-frame buildings with the addition of approximately 1.5 inches of concrete to improve soundproofing. The portfolio also includes 24 parking spots.
The sector offers a convenient St-Césaire location, with quick access to Route 112 and Autoroute 10, as well as shops, services, schools, parks and green spaces. The location combines the quietness of a residential setting with good regional accessibility.
Potential assumption of several existing mortgage loans, subject to lender approval. These loans offer attractive terms that may be favourable to a qualified buyer, with potential savings on certain costs related to new CMHC/MLI Select financing. Terms, balances and conditions to be confirmed.
The buildings may be acquired as a package or separately, subject to terms to be agreed upon. The properties are held as divided co-ownership fractions, each corresponding to one 6-unit rental building. It is not 12 individual residential condos for sale.
Details by building:
1252 av. Cécile, St-Césaire J0L 1T0: private lot 6 358 925, with related rights in the common portions
Approx. mortgage balance: $1,400,000, rate: 3.48%, term: October 30, 2030, amortization maturity: October 30, 2065
Private land: 398.0 m2 + 50% undivided share of common portions, representing 1,454.0 m2; gross income: $108,492; asking price: $1,897,000
1274 av. Cécile, St-Césaire J0L 1T0: private lot 6 358 924, with related rights in the common portions
Approx. mortgage balance: $1,388,000, rate: 3.48%, term: October 30, 2030, amortization maturity: October 30, 2065
Private land: 398.0 m2 + 50% undivided share of common portions, representing 1,454.0 m2; gross income: $109,368; asking price: $1,912,000
Total St-Césaire:
Approx. mortgage balance: $2,788,000, estimated weighted average rate: 3.48%, term: October 30, 2030, amortization maturity: October 30, 2065
Land: 796.0 m2 private + common lot PC-6 358 923: 2,908.0 m2; total: 3,704.0 m2; gross income: $217,860; asking price: $3,809,000
__________
The seller also has another listing in St-Jean-sur-Richelieu, Centris No. 15746732, consisting of 6 rental buildings of 6 units each.
Building details and property interior
Year constructed
2020
Lot and exterior features
Lot area
3,704 m²
Driveway
Asphalt
Parking (total)
Driveway (24)
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 220,700
- Building assessment
- $ 3,132,500
- Total
- $ 3,353,200
Taxes
- Municipal (2026)
- $ 30,652
- School (2025)
- $ 2,009
- Total
- $ 32,661
Annual expenses
- Insurance
- $ 7,515
- Garbage
- $ 552
- Total
- $ 8,067
Energy expenses
- Electricity
- $ 2,720
- Total
- $ 2,720
Gross annual revenues (potential)
- Residential
- $ 217,860
- Total
- $ 217,860
Inclusions and exclusions
Mortgage payment calculator
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This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.