$1,897,000
New
ULS: 18642355
5-6-7-Plex
for sale
1252Z Av. Cécile, Saint-Césaire
Great opportunity in St-Césaire: recent 6-unit rental building, built in 2020. Condo-quality construction, gross income of $108,492, 12 parkings and the asking price below 17.5 times gross income. Possibility to assume the existing mortgage loan, subject to lender approval. Convenient location near Route 112, Autoroute 10, services, shops, schools, parks and green spaces. 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 rental property located in St-Césaire, consisting of 6 units and built in 2020. 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 12 parkings.
The area offers a convenient location in St-Césaire, 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 area with good regional accessibility.
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 attributable to this building is $1,400,000, with a 3.48% rate, a term maturing on October 30, 2030 and an amortization maturity date of October 30, 2065. Based on the asking price of $1,897,000, the approximate required down payment would be $497,000, before adjustments, closing costs and lender conditions.
This listing concerns a divided co-ownership fraction corresponding to one 6-unit rental building, with rights in the common portions. It is not 6 individual residential condominiums being sold separately.
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The seller is currently offering 8 recent rental buildings for sale: 2 buildings in St-Césaire and 6 buildings in St-Jean-sur-Richelieu. The building may be acquired on its own, with the other St-Césaire building 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 listing grouping the 2 St-Césaire buildings is 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 12 parkings.
The area offers a convenient location in St-Césaire, 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 area with good regional accessibility.
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 attributable to this building is $1,400,000, with a 3.48% rate, a term maturing on October 30, 2030 and an amortization maturity date of October 30, 2065. Based on the asking price of $1,897,000, the approximate required down payment would be $497,000, before adjustments, closing costs and lender conditions.
This listing concerns a divided co-ownership fraction corresponding to one 6-unit rental building, with rights in the common portions. It is not 6 individual residential condominiums being sold separately.
__________
The seller is currently offering 8 recent rental buildings for sale: 2 buildings in St-Césaire and 6 buildings in St-Jean-sur-Richelieu. The building may be acquired on its own, with the other St-Césaire building 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 listing grouping the 2 St-Césaire buildings is published under Centris No. 24236767.
Building details and property interior
Year constructed
2020
Lot and exterior features
Lot area
1,852 m²
Driveway
Asphalt
Parking (total)
Driveway (12)
Characteristics
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 110,300
- Building assessment
- $ 1,571,700
- Total
- $ 1,682,000
Taxes
- Municipal (2026)
- $ 15,360
- School (2025)
- $ 1,004
- Total
- $ 16,364
Annual expenses
- Insurance
- $ 3,758
- Garbage
- $ 276
- Total
- $ 4,034
Energy expenses
- Electricity
- $ 1,360
- Total
- $ 1,360
Gross annual revenues (potential)
- Residential
- $ 108,492
- Total
- $ 108,492
Inclusions and exclusions
Mortgage payment calculator
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