$419,900
ULS: 14524353
Quadruplex
for sale
217 - 223 5e Avenue, Shawinigan (Grand-Mère)
OPPORTUNITY NOT TO BE MIS! This 4-unit property generates nearly $38,000 in annual gross income and offers optimization potential with generously sized units: two 6½, one 5½ and one 4½. Several renovations and improvements have been completed over the years. Large lot and an accessible price point for this type of property. Located in the Grand-Mère sector, close to services, schools, shops and major roadways, with quick access to Highway 55. An attractive opportunity for investors or those looking to take their first steps into income-property ownership.
Sale with exclusion(s) of legal warranty - See listing broker(s)
Property features
3
Bedrooms
1
Bathroom
KARINE ASSELIN
Residential and Commercial Real Estate Broker
Addendum
Convenient access to Highway 55 via the Grand-Mère sector, facilitating travel to Shawinigan, Trois-Rivières and Highway 40.
-Close to the Saint-Maurice River, Grand-Mère Marina and Parc des Papetiers, featuring a riverside promenade, observation tower and the Grand-Mère suspension bridge area.
-Public transit available in the area, with service along 5th Avenue.
-Several schools are located in the Grand-Mère sector, as well as parks and recreational facilities.
-The Grand-Mère sector is undergoing significant transformation, notably supported by the announcement of a major $250M private investment aimed at creating a new industrial hub and specialized jobs.
-Opportunity for the buyer to establish their own medium- and long-term optimization strategy based on their project.
-Revenues, expenses and optimization opportunities must be verified by the buyer according to their project, objectives and own due diligence.
-Close to the Saint-Maurice River, Grand-Mère Marina and Parc des Papetiers, featuring a riverside promenade, observation tower and the Grand-Mère suspension bridge area.
-Public transit available in the area, with service along 5th Avenue.
-Several schools are located in the Grand-Mère sector, as well as parks and recreational facilities.
-The Grand-Mère sector is undergoing significant transformation, notably supported by the announcement of a major $250M private investment aimed at creating a new industrial hub and specialized jobs.
-Opportunity for the buyer to establish their own medium- and long-term optimization strategy based on their project.
-Revenues, expenses and optimization opportunities must be verified by the buyer according to their project, objectives and own due diligence.
Building details and property interior
Dimensions
33' X 46' 8" irr.
Year constructed
1915
Windows
Wood
Window Type
Sliding, French door
Siding
Vinyl
Roofing
Asphalt shingles
Lot and exterior features
Lot size
60' X 126' 8"
Lot area
724.70 m²
View
View of the city
Proximity
Daycare centre, Elementary school, High school
Characteristics
Heating System
Electric baseboard units
Heating Energy
Electricity
Water Supply
Municipality
Sewage System
Municipality
Financial details
Municipal assessment (2026)
- Lot assessment
- $ 34,400
- Building assessment
- $ 189,700
- Total
- $ 224,100
Taxes
- Municipal (2026)
- $ 5,462
- School (2027)
- $ 127
- Total
- $ 5,589
Gross annual revenues (potential)
- Residential
- $ 37,800
- Total
- $ 37,800
Inclusions and exclusions
Exclusions
Effets personnels des locataires.
Mortgage payment calculator
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This document is not an offer or a promise that may bind the seller, but is an invitation to submit such offers or promises.