Excellent investment opportunity! Built in 2013, this well-maintained fourplex features four spacious and bright 3-bedroom units, 9 parking spaces and 4 exterior storage units. Potential gross annual rental income is $69,600 when fully occupied. Unit 3 is currently vacant, offering flexibility for an owner-occupant or to optimize rental income. Recent improvements include renovated bathrooms in Units 1, 2 and 4 (2026), heat pumps in Units 2 and 3 (approx. 2023), and a paved parking lot (2022).
Sale with exclusion(s) of legal warranty - See listing broker(s)
Income Property -- Outstanding Investment Opportunity
Built in 2013, this well-maintained fourplex features four spacious and bright 3-bedroom units, offering an excellent combination of stability, strong cash flow potential, and long-term appreciation.
Property Highlights
* Built in 2013 * Four 3-bedroom apartments * Potential gross annual rental income of **$69,600** * Unit 3 is currently vacant, providing an excellent opportunity for an owner-occupant or to increase rental income at current market rates * 9 parking spaces * 4 exterior storage units * Asphalt parking lot (2022)
Investment Metrics
* Gross Rent Multiplier (GRM): 16.88 * Capitalization Rate (Cap Rate): 5.92% * Positive cash flow with 20% down payment and 30-year amortization* * Estimated ROI of approximately 20%*
Recent Improvements
* Bathrooms renovated in Units 1, 2 and 4 (2026) * Heat pumps replaced in Units 2 and 3 (approx. 2023) * Parking lot paved (2022)
This property is an excellent opportunity for investors seeking a well-maintained asset with strong financial fundamentals. Recent upgrades help minimize near-term capital expenditures, while the vacant unit offers immediate flexibility to maximize returns or accommodate an owner-occupant.
*Cash flow and ROI figures are estimates only and are based on financing assumptions. Buyers are encouraged to perform their own due diligence and financial analysis.
Building details and property interior
Dimensions
22' 7" X 43' 6" irr.
Year constructed
2013
Living area
407.90 m²
Windows
PVC
Window Type
Casement
Siding
Fiber cement, Stone
Roofing
Asphalt shingles
Kitchen Cabinets
Melamine
Bathroom
Separate shower
Basement
Finished basement, 6 feet and more
Lot and exterior features
Lot size
108' 3" X 102' 9" irr.
Lot area
720.20 m²
Driveway
Asphalt
Parking (total)
Driveway (8)
Proximity
CEGEP, Daycare centre, Hospital, Park, Elementary school, High school, Public transportation, University, Highway
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Property or unit amenity
Fire detector (N), Air exchange system, Wall-mounted heat pump
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
Lot assessment
$ 194,500
Building assessment
$ 730,000
Total
$ 924,500
Taxes
Municipal
(2026)
$ 9,007
School
(2026)
$ 621
Total
$ 9,628
Annual expenses
Insurance
$ 2,646
Snow removal
$ 1,245
Lawn
$ 517
Total
$ 4,408
Gross annual revenues (potential)
Residential
$ 69,600
Total
$ 69,600
Inclusions and exclusions
Inclusions
4 heat pumps and 4 water heaters
Exclusions
Tenants' personal belongings and electric vehicle charging station.