$3,900,000 +GST/QST
New
ULS: 20917631
8-15-Plex
for sale
Rue Académie, Salaberry-de-Valleyfield (Salaberry-de-Valleyfield)
Great investment opportunity -- Newly built 10-unit rental building to be constructed on Académie Street, in the heart of Salaberry-de-Valleyfield, developed by Group BLOC UN in collaboration with Construction Montplaisir & Couvre-Plancher Loiselle Inc. This investment property will feature modern 3½ and 4½ units with elevator access. Estimated annual gross revenues of $192,600. A well-structured project offering progressive rental income and strong long-term appreciation potential in a growing area, close to all services (Cégep, hospital, schools, and shops).
Property features
1
Bedroom
1
Bathroom
JASMINE GOUPIL
Residential and Commercial Real Estate Broker
Addendum
NEW RENTAL BUILDING -- 10 UNITS -- INVESTMENT OPPORTUNITY
High-quality new construction project located on Académie Street in Valleyfield, developed by Group BLOC UN in collaboration with Construction Montplaisir & Couvre-Plancher Loiselle Inc.
This 10-unit rental building offers an excellent investment opportunity with an optimized income structure and strong long-term appreciation potential.
INCOME
Annual gross revenue: $192,600
Monthly revenue: $16,050
Well-balanced unit mix featuring modern 3½ and 4½ apartments, distributed over several floors with generous living spaces.
FINANCIAL PERFORMANCE
Net operating income (NOI): $134,055
Controlled operating expenses: ± $58,544
Gross revenue multiplier (GRM): 20.25
PROJECT FEATURES
* Recent construction with quality materials
* Unit sizes ranging from 775 to 896 sq. ft.
* Progressive rental income by floor
* Optimized management and planned maintenance
* Reserved funds allocated (elevator, heat pumps, maintenance)
LOCATION
Located in a growing sector of Salaberry-de-Valleyfield, close to services, major roadways, and amenities, ensuring strong rental demand.
ASKING PRICE: $3,900,000 + taxes
High-quality new construction project located on Académie Street in Valleyfield, developed by Group BLOC UN in collaboration with Construction Montplaisir & Couvre-Plancher Loiselle Inc.
This 10-unit rental building offers an excellent investment opportunity with an optimized income structure and strong long-term appreciation potential.
INCOME
Annual gross revenue: $192,600
Monthly revenue: $16,050
Well-balanced unit mix featuring modern 3½ and 4½ apartments, distributed over several floors with generous living spaces.
FINANCIAL PERFORMANCE
Net operating income (NOI): $134,055
Controlled operating expenses: ± $58,544
Gross revenue multiplier (GRM): 20.25
PROJECT FEATURES
* Recent construction with quality materials
* Unit sizes ranging from 775 to 896 sq. ft.
* Progressive rental income by floor
* Optimized management and planned maintenance
* Reserved funds allocated (elevator, heat pumps, maintenance)
LOCATION
Located in a growing sector of Salaberry-de-Valleyfield, close to services, major roadways, and amenities, ensuring strong rental demand.
ASKING PRICE: $3,900,000 + taxes
Building details and property interior
Dimensions
142' 5" X 156' 2" irr.
Year constructed
To be built
Windows
PVC
Window Type
Casement
Siding
Other, Stone, Brick, Steel
Roofing
Elastomeric membrane
Dividing Floor
Concrete
Washer/Dryer (installation)
Bathroom (RC)
Kitchen Cabinets
Laminate, Melamine
Bathroom
Separate shower
Lot and exterior features
Lot size
318' 3" X 315' irr.
Lot area
9,225 ft²
Topography
Flat
View
View of the city
Distinctive Features
Street corner
Driveway
Asphalt
Parking (total)
Driveway (10)
Proximity
Hospital, Park, Bicycle path, Elementary school, High school, Public transportation, CEGEP, Daycare centre, Highway
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Property or unit amenity
Wall-mounted air conditioning, Air exchange system, Wall-mounted heat pump
Water Supply
Municipality
Sewage System
Municipality
Financial details
Annual expenses
- Management/Administration
- $ 7,205
- Elevator(s)
- $ 3,600
- Insurance
- $ 3,733
- Other
- $ 2,458
- Superintendent
- $ 2,150
- Maintenance
- $ 6,100
- Equipment (rental)
- $ 1,900
- Total
- $ 27,146
Energy expenses
- Other
- $ 30,498
- Electricity
- $ 900
- Total
- $ 31,398
Gross annual revenues (potential)
- Residential
- $ 192,600
- Total
- $ 192,600
Inclusions and exclusions
Inclusions
Vinyl flooring in lobby and staircase; ceramic flooring in the bathroom; ceramic shower with heated floor (including ceramic shower base); melamine cabinets; ceramic backsplash; laminate countertop; soft-close melamine cabinets including an 11-ft island with 3 drawers; wall-mounted heat pump. Exterior finishes include James Hardie fiber cement siding, MAC Métal wood-finish metal cladding, black brick, and architectural stone (see details). Complete landscaping:law awn, asphalt and balconies.
Exclusions
Tree in accordance with the municipal permit requirements.
Mortgage payment calculator
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