$3,943,500
New
ULS: 23564320
8-15-Plex
for sale
1311 - 1317 Boul. d'Iberville, Saint-Jean-sur-Richelieu (Iberville)
Rare opportunity in St-Jean-sur-Richelieu: two six-unit buildings at 1311 and 1317 boul. d'Iberville. Recent condo-quality construction (2017 and 2018), excellent rental income, 20 indoor parking spaces, 6 enclosed garages and 12 individual storage spaces. Asking price set at 16.5 times annual gross rental income. No mortgage to assume. Sought-after Iberville area, close to major roads, services, shops, parks and the Richelieu River. Available for purchase together or individually, subject to agreement.
Sale with exclusion(s) of legal warranty - See listing broker(s)
RICHARD BOIVIN
Residential and Commercial Real Estate Broker
Addendum
Two recent multi-residential buildings in the Iberville area of St-Jean-sur-Richelieu, each comprising six units, built in 2017 and 2018, at 1311 and 1317 boul. d'Iberville. An appealing investment opportunity featuring recent construction, attractive rental income, simplified management and consistency between the buildings.
The asking price of $3,943,500 represents 16.5 times the annual gross rental income of $239,000, offering attractive pricing for buildings of this age.
Condo-quality construction: wood framing with approximately 1.5 inches of added concrete to improve soundproofing. The two properties include a total of 22 indoor parking spaces, 6 enclosed garages and 12 individual storage spaces.
The units offer spacious, bright, open-concept living areas. Quality construction and thoughtful interior layouts create a comfortable and welcoming living environment. The very large, private, covered balconies extend the living space outdoors, providing an inviting setting for dining, entertaining or relaxing. Shelter from the sun and rain allows residents to enjoy them longer throughout the seasons.
The Iberville area offers a convenient location with quick access to Highway 35, Route 104, shops, services, daycare centres, parks and green spaces. The neighbourhood also benefits from proximity to the Richelieu River and outdoor activities.
No mortgage to assume. The buyer can arrange their own financing.
The buildings may be purchased together or separately, subject to agreement. Any Promise to Purchase involving only one building must clearly identify the property concerned.
PROPERTY DETAILS
1311 boul. d'Iberville, Cadastral lot: 5 854 290
Land area: 1,248.3 m², Annual gross rental income: $117,000, Asking price: $1,930,500
1317 boul. d'Iberville, Cadastral lot: 5 854 291
Land area: 1,248.2 m², Annual gross rental income: $122,000, Asking price: $2,013,000
TOTAL FOR BOTH BUILDINGS
12 units
Total land area: 2,496.5 m²
Annual gross rental income: $239,000, Asking price: $3,943,500
The asking price of $3,943,500 represents 16.5 times the annual gross rental income of $239,000, offering attractive pricing for buildings of this age.
Condo-quality construction: wood framing with approximately 1.5 inches of added concrete to improve soundproofing. The two properties include a total of 22 indoor parking spaces, 6 enclosed garages and 12 individual storage spaces.
The units offer spacious, bright, open-concept living areas. Quality construction and thoughtful interior layouts create a comfortable and welcoming living environment. The very large, private, covered balconies extend the living space outdoors, providing an inviting setting for dining, entertaining or relaxing. Shelter from the sun and rain allows residents to enjoy them longer throughout the seasons.
The Iberville area offers a convenient location with quick access to Highway 35, Route 104, shops, services, daycare centres, parks and green spaces. The neighbourhood also benefits from proximity to the Richelieu River and outdoor activities.
No mortgage to assume. The buyer can arrange their own financing.
The buildings may be purchased together or separately, subject to agreement. Any Promise to Purchase involving only one building must clearly identify the property concerned.
PROPERTY DETAILS
1311 boul. d'Iberville, Cadastral lot: 5 854 290
Land area: 1,248.3 m², Annual gross rental income: $117,000, Asking price: $1,930,500
1317 boul. d'Iberville, Cadastral lot: 5 854 291
Land area: 1,248.2 m², Annual gross rental income: $122,000, Asking price: $2,013,000
TOTAL FOR BOTH BUILDINGS
12 units
Total land area: 2,496.5 m²
Annual gross rental income: $239,000, Asking price: $3,943,500
Building details and property interior
Dimensions
104' 3" X 50' irr.
Year constructed
2018
Garage
Detached
Lot and exterior features
Lot size
134' 6" X 198' 5" irr.
Lot area
2,496.50 m²
Driveway
Asphalt
Parking (total)
Driveway (22), Garage (6)
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 699,300
- Building assessment
- $ 2,581,800
- Total
- $ 3,281,100
Taxes
- Municipal (2026)
- $ 31,967
- School (2026)
- $ 2,252
- Total
- $ 34,219
Annual expenses
- Insurance
- $ 7,127
- Total
- $ 7,127
Energy expenses
- Electricity
- $ 1,845
- Total
- $ 1,845
Gross annual revenues (potential)
- Residential
- $ 239,004
- Total
- $ 239,004
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.