$898,000
ULS: 9950434
8-15-Plex for sale - Bedford - Ville
58 Rue de Philipsburg, Bedford - Ville
Unique opportunity for investor. Well maintained 11-unit (5 X 1 .5, 5 x 2.5, 1 X 3.5) revenue property in charming town of Bedford, provides 48,889 sqft of land. Available for the first time in 47 years under the same family ownership. Every apartment includes a balcony, massive outdoor parking, and interior storage room space. Optimize additional revenue with possibility to convert spacious shed into a garage including opportunity to build duplex adjacent to building. Don't let this outstanding investment with limitless possibilities slip away.
Sale without legal warranty of quality, at the buyer's risk and peril.
Property features
1
Bedroom
1
Bathroom
MICHEL BOUCHARD
Certified real estate broker
RE/MAX ACTION INC.
MARIE-ANTOINETTE DEL PESCHIO
Real Estate Broker
RE/MAX ACTION INC.
Addendum
This property offers you optimization possibilities on several levels:
[] Heating: These costs seem too high and could be reduced quickly or the system could be converted to electricity. Note that each apartment already has its own meter and electrical panel. It could be easy to install electric baseboard heaters in every apartment. Another option would be to transfer the boiler to electricity from oil and the share the heating cost amongst the tenants.
[] Insurance costs would need to be renegotiated
[] Rental fees for laundry room appliances could be eliminated. The purchase of a washer and dryer with a monthly usage fee of $20 would be accepted by tenants.
[] Donation of stoves and refrigerators to tenants, thereby reducing charges by $60 per appliance currently included in expenses.
[] Janitorial, maintenance, management and charges related to household appliances are harmonized with CMHC parameters.
[] The current lot can be minimally subdivided into 2 lots, (possibility of 3 lots depending on the side margins). The zoning allows the construction of a single family or a duplex per lot.
[] There is currently a building on the back side which is unused and which could become storage space or garages, and which could also be extended.
[] The rents have not been increased and do not represent the current rental value. As an indication, a 3-1/2 heated apartment can be rented for up to $875/month in the area.
The roof is dated from 1997 and the windows from 1995. There are 2 oil tanks in the mechanical room. Their manufacturing date could not be determined but they seem to be in very good condition and there is no trace of oil on the floor and no smell.
[] Heating: These costs seem too high and could be reduced quickly or the system could be converted to electricity. Note that each apartment already has its own meter and electrical panel. It could be easy to install electric baseboard heaters in every apartment. Another option would be to transfer the boiler to electricity from oil and the share the heating cost amongst the tenants.
[] Insurance costs would need to be renegotiated
[] Rental fees for laundry room appliances could be eliminated. The purchase of a washer and dryer with a monthly usage fee of $20 would be accepted by tenants.
[] Donation of stoves and refrigerators to tenants, thereby reducing charges by $60 per appliance currently included in expenses.
[] Janitorial, maintenance, management and charges related to household appliances are harmonized with CMHC parameters.
[] The current lot can be minimally subdivided into 2 lots, (possibility of 3 lots depending on the side margins). The zoning allows the construction of a single family or a duplex per lot.
[] There is currently a building on the back side which is unused and which could become storage space or garages, and which could also be extended.
[] The rents have not been increased and do not represent the current rental value. As an indication, a 3-1/2 heated apartment can be rented for up to $875/month in the area.
The roof is dated from 1997 and the windows from 1995. There are 2 oil tanks in the mechanical room. Their manufacturing date could not be determined but they seem to be in very good condition and there is no trace of oil on the floor and no smell.
Building details and property interior
Dimensions
65' 3" X 54' 9" irr.
Year constructed
1954
Windows
PVC, Aluminum
Window Type
Wood, Guillotine, Casement
Siding
Vinyl, Brick
Roofing
Asphalt and gravel
Dividing Floor
Wood
Lot and exterior features
Lot size
205' 9" X 208' irr.
Lot area
4,542.50 m²
Topography
Flat
Distinctive Features
Enclosed, No rear neighbours
Driveway
Asphalt
Parking (total)
Driveway (12)
Proximity
Park, Elementary school
Characteristics
Heating System
Hot water
Heating Energy
Heating oil
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2023)
- Lot assessment
- $ 129,200
- Building assessment
- $ 239,300
- Total
- $ 368,500
Taxes
- Municipal (2023)
- $ 10,280
- School (2022)
- $ 283
- Total
- $ 10,563
Annual expenses
- Management/Administration
- $ 2,887
- Insurance
- $ 12,689
- Other
- $ 1,200
- Superintendent
- $ 5,316
- Snow removal
- $ 1,167
- Maintenance
- $ 6,050
- Equipment (rental)
- $ 1,080
- Lawn
- $ 800
- Total
- $ 31,189
Energy expenses
- Electricity
- $ 612
- Heating oil
- $ 19,263
- Total
- $ 19,875
Gross annual revenues (potential)
- Residential
- $ 80,652
- Other
- $ 1,200
- Total
- $ 81,852
Inclusions and exclusions
Inclusions
10 fridges, 10 stoves
Exclusions
Washer and dryer rented with Équipements May-Cal Commercial
Mortgage payment calculator
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