$2,161,000
New
ULS: 18105922
5-6-7-Plex
for sale
1245Z Boul. d'Iberville, Saint-Jean-sur-Richelieu (Iberville)
Rare opportunity in the Iberville sector of St-Jean-sur-Richelieu: recent 6-unit multifamily property, built in 2019. Condo-quality construction, gross income of $123,552 and an asking price below 17.5 times gross income. Possibility to assume the existing mortgage loan offering attractive terms, subject to lender approval. Sought-after location near major roads, services, shops, parks and the Richelieu River. May be acquired on its own or with other buildings from the same seller. See Centris Nos. 15746732 and 24236767.
Sale with exclusion(s) of legal warranty - See listing broker(s)
RICHARD BOIVIN
Residential and Commercial Real Estate Broker
Addendum
Recent multifamily property located in the Iberville sector of St-Jean-sur-Richelieu, consisting of 6 units and built in 2019. A sought-after investment opportunity: recent building, attractive income, simplified management and quality construction.
The asking price represents less than 17.5 times the annual gross income, offering an attractive position for a building of this generation.
Condo-quality construction: wood-frame structure with the addition of approximately 1.5 inches of concrete to improve soundproofing. The building also includes 9 outdoor parking spaces, 3 enclosed garages and 6 individual storage lockers.
The Iberville sector offers a convenient location, with quick access to Autoroute 35, Route 104, shops, services, daycare centres, parks and green spaces. The area also benefits from its proximity to the Richelieu River and outdoor activities.
An interesting financial feature of this property is the possibility to assume the existing mortgage loan with Desjardins, subject to lender approval. According to the information obtained, the approximate balance is $1,722,000, with a 3.51% rate, a term maturing on December 18, 2029 and an amortization maturity date of December 18, 2074. Based on the asking price of $2,161,000, the approximate required down payment would be $439,000, before adjustments, closing costs and lender conditions.
Other acquisition possibilities:
The seller is currently offering 8 recent rental buildings for sale: 6 buildings in St-Jean-sur-Richelieu and 2 buildings in St-Césaire. This property may be acquired on its own or with other buildings from the same seller, subject to terms to be agreed upon.
The listing grouping the 6 St-Jean-sur-Richelieu buildings is published under Centris No. 15746732. The 2 St-Césaire buildings are published under Centris No. 24236767.
The asking price represents less than 17.5 times the annual gross income, offering an attractive position for a building of this generation.
Condo-quality construction: wood-frame structure with the addition of approximately 1.5 inches of concrete to improve soundproofing. The building also includes 9 outdoor parking spaces, 3 enclosed garages and 6 individual storage lockers.
The Iberville sector offers a convenient location, with quick access to Autoroute 35, Route 104, shops, services, daycare centres, parks and green spaces. The area also benefits from its proximity to the Richelieu River and outdoor activities.
An interesting financial feature of this property is the possibility to assume the existing mortgage loan with Desjardins, subject to lender approval. According to the information obtained, the approximate balance is $1,722,000, with a 3.51% rate, a term maturing on December 18, 2029 and an amortization maturity date of December 18, 2074. Based on the asking price of $2,161,000, the approximate required down payment would be $439,000, before adjustments, closing costs and lender conditions.
Other acquisition possibilities:
The seller is currently offering 8 recent rental buildings for sale: 6 buildings in St-Jean-sur-Richelieu and 2 buildings in St-Césaire. This property may be acquired on its own or with other buildings from the same seller, subject to terms to be agreed upon.
The listing grouping the 6 St-Jean-sur-Richelieu buildings is published under Centris No. 15746732. The 2 St-Césaire buildings are published under Centris No. 24236767.
Building details and property interior
Year constructed
2019
Garage
Detached
Lot and exterior features
Lot area
1,128.70 m²
Driveway
Asphalt
Parking (total)
Driveway (10), Garage (3)
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 249,300
- Building assessment
- $ 1,397,200
- Total
- $ 1,646,500
Taxes
- Municipal (2026)
- $ 16,904
- School (2025)
- $ 1,126
- Total
- $ 18,030
Annual expenses
- Insurance
- $ 3,558
- Garbage
- $ 1,263
- Total
- $ 4,821
Energy expenses
- Electricity
- $ 1,098
- Total
- $ 1,098
Gross annual revenues (potential)
- Residential
- $ 123,552
- Total
- $ 123,552
Inclusions and exclusions
Mortgage payment calculator
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