$1,479,900
ULS: 19498096
8-15-Plex
for sale
253 - 263 Rue Principale, Grenville
***RARE ON THE MARKET *** Income building of 9 units = 1 X 3½, 7 X 4½ and 1 X 5½. A large parking lot. This building offers additional potential income thanks to its large basement of nearly 3,000 square feet which could be converted for rental or storage as needed. Located in an enchanting environment of the Ottawa River (swimmable) you are close to amenities. A place where it is good to live, invest and recharge your batteries. The building underwent a complete transformation when it was acquired in 2011, only the shell was preserved, the rest was rebuilt with quality.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Property features
2
Bedrooms
1
Bathroom
MARC-ANDRÉ BONICEL
Residential Real Estate Broker
Addendum
INVESTORS, DON'T MISS THIS OPPORTUNITY
Income building with 9 units:
1 X 3½
7 X 4½
1 X 5½ ((converted into 2 bedrooms)
Large parking lot for all
Take advantage of additional potential income thanks to a large basement of nearly 3,000 square feet that can be converted for rental or storage according to your needs. Includes DS apartments for maximum flexibility.
Annual gross income: $104 400 starting on July 1st 2025
Total expenses: $10,505 Operating expenses (taxes and expenses): $23,669
Located in an enchanting setting on the banks of the Ottawa River (swimming possible), this building is close to all amenities. A true haven of peace where it is good to live, invest and recharge your batteries.
The building underwent a complete transformation when it was acquired in 2011: only the exterior structure was preserved, everything else was rebuilt with top quality materials. Peace of mind!
The Seller's Declaration will provide you with more details.
Welcome!
Income building with 9 units:
1 X 3½
7 X 4½
1 X 5½ ((converted into 2 bedrooms)
Large parking lot for all
Take advantage of additional potential income thanks to a large basement of nearly 3,000 square feet that can be converted for rental or storage according to your needs. Includes DS apartments for maximum flexibility.
Annual gross income: $104 400 starting on July 1st 2025
Total expenses: $10,505 Operating expenses (taxes and expenses): $23,669
Located in an enchanting setting on the banks of the Ottawa River (swimming possible), this building is close to all amenities. A true haven of peace where it is good to live, invest and recharge your batteries.
The building underwent a complete transformation when it was acquired in 2011: only the exterior structure was preserved, everything else was rebuilt with top quality materials. Peace of mind!
The Seller's Declaration will provide you with more details.
Welcome!
Building details and property interior
Dimensions
71' X 60' 6" irr.
Year constructed
1911
Windows
PVC
Window Type
French door, Casement
Siding
Brick, Vinyl
Roofing
Elastomeric membrane
Kitchen Cabinets
Melamine
Basement
6 feet and more
Lot and exterior features
Lot size
160' 6" X 243' irr.
Lot area
3,772.30 m²
Topography
Flat
Distinctive Features
No rear neighbours
Driveway
Unpaved
Parking (total)
Driveway (18)
Proximity
Elementary school, Highway, High school
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Property or unit amenity
Air exchange system
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2024)
- Lot assessment
- $ 58,600
- Building assessment
- $ 666,300
- Total
- $ 724,900
Taxes
- Municipal (2024)
- $ 12,523
- School (2024)
- $ 641
- Total
- $ 13,164
Annual expenses
- Insurance
- $ 9,905
- Snow removal
- $ 600
- Total
- $ 10,505
Gross annual revenues (potential)
- Residential
- $ 104,400
- Total
- $ 104,400
Inclusions and exclusions
Exclusions
Personal belongings of tenants
Mortgage payment calculator
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