$999,900
ULS: 14437002
8-15-Plex for sale - Salaberry-de-Valleyfield (Salaberry-de-Valleyfield)
60 Rue du Marché, Salaberry-de-Valleyfield (Salaberry-de-Valleyfield)
Here's your chance to get your hands on this income-generating building, a 10-plex brick-built building located in the heart of the City of Salaberry-de-Valleyfield. There are 9 residential units with stable tenants and 1 business unit leased to a flourishing local business until March 2026. The location of this property is simply great, a proximity with many services.
Sale without legal warranty of quality, at the buyer's risk and peril.
Property features
1
Bedroom
1
Bathroom
STÉPHANE BRABANT
Residential and Commercial Real Estate Broker
RE/MAX ROYAL (JORDAN) INC.
Addendum
*** Investor Awareness for Valleyfield ***
Projected rental income from July 2024: $7156 monthly
All brick building located in the heart of the City of Salaberry-de-Valleyfield, comprising 9 residential and 1 commercial units. The location of this property is simply great, a proximity with many services.
We find 9 residential units, several with generous dimensions.
* 6 units of 3 1/2
* 2 units of 2 1/2
* 1 units of 1 1/2
The commercial space of more than 1,500 square feet is rented to a local merchant until March 2026, a flourishing business. The tenant also occupies one of the basement living units, close to the commercial space.
Several maintenance and improvement works over the years:
*2004 to present: Progressive window replacement
*2004 to present: Replacement of floor coverings
*2013: Replacement of membrane roofing
*2014: Replacement of the French drain on each side of the front, approximately 30 feet long
*2014: Replacement of building coping and addition of a concrete curb along the foundations of the front
*2014: Housing patio door replacement on the 53
*2015: Addition of a central heat pump for the commercial premises at 60 du Marché.
*2017: Paving on the east and rear sides of the building
*2021: Housing patio door replacement on the 51
Without a doubt, this is a very good investment for the investor wanting a well-positioned income property in Salaberry-de-Valleyfield.
Taxes apply on 22% of the sale price, which is the commercial part of the building.
Projected rental income from July 2024: $7156 monthly
All brick building located in the heart of the City of Salaberry-de-Valleyfield, comprising 9 residential and 1 commercial units. The location of this property is simply great, a proximity with many services.
We find 9 residential units, several with generous dimensions.
* 6 units of 3 1/2
* 2 units of 2 1/2
* 1 units of 1 1/2
The commercial space of more than 1,500 square feet is rented to a local merchant until March 2026, a flourishing business. The tenant also occupies one of the basement living units, close to the commercial space.
Several maintenance and improvement works over the years:
*2004 to present: Progressive window replacement
*2004 to present: Replacement of floor coverings
*2013: Replacement of membrane roofing
*2014: Replacement of the French drain on each side of the front, approximately 30 feet long
*2014: Replacement of building coping and addition of a concrete curb along the foundations of the front
*2014: Housing patio door replacement on the 53
*2015: Addition of a central heat pump for the commercial premises at 60 du Marché.
*2017: Paving on the east and rear sides of the building
*2021: Housing patio door replacement on the 51
Without a doubt, this is a very good investment for the investor wanting a well-positioned income property in Salaberry-de-Valleyfield.
Taxes apply on 22% of the sale price, which is the commercial part of the building.
Building details and property interior
Dimensions
40' 1" X 96' irr.
Year constructed
1983
Windows
Aluminum, PVC
Window Type
Casement, Sliding
Siding
Brick
Roofing
Elastomeric membrane
Kitchen Cabinets
Wood, Melamine
Basement
Outdoor entrance, Partially finished, Crawl space, Low (less than 6 feet), 6 feet and more
Renovations
Roof covering (2013, 1)
Lot and exterior features
Lot size
48' X 96'
Lot area
428.10 m²
Topography
Flat
Driveway
Asphalt
Parking (total)
Driveway (4)
Proximity
Hospital, Park, Bicycle path, Elementary school, High school, Daycare centre, CEGEP
Characteristics
Heating System
Forced air, Electric baseboard units
Heating Energy
Electricity
Property or unit amenity
Central heat pump
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2021)
- Lot assessment
- $ 111,300
- Building assessment
- $ 602,300
- Total
- $ 713,600
Taxes
- Municipal (2024)
- $ 15,176
- School (2023)
- $ 596
- Total
- $ 15,772
Annual expenses
- Insurance
- $ 3,822
- Lawn
- $ 175
- Total
- $ 3,997
Energy expenses
- Electricity
- $ 2,158
- Total
- $ 2,158
Gross annual revenues (potential)
- Residential
- $ 58,044
- Commercial
- $ 27,276
- Parking
- $ 4
- Total
- $ 85,324
Inclusions and exclusions
Inclusions
Hot water tanks, kitchen hood, central heat pump (commercial space), 4 stoves, 4 refrigerators, air exchanger (commercial space)
Exclusions
The tenant's personal effects, interior fit-up and maintenance of the commercial premises is at the tenant's expense
Mortgage payment calculator
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