For Sale

$398,000

120 - 124 Rue Principale N. , Windsor, QC J1S2C9

1 Beds 1 Baths

Remarks

This 5plex represents an exceptional investment opportunity! Ideally located near all amenities. It offers two 5 1/2s, one 3 1/2 and two 2 1/2s. Currently generating stable income. What's more, the size of the lot is a major asset, offering a variety of development possibilities. A detached garage is also located at the rear. You have the opportunity to optimize the heating system, which can translate into substantial savings. This building presents a unique opportunity to maximize the return on your real estate investment. A must-see!

Gross building revenues include rental values for unit 122 (owner-occupied) and storage space.

The owner occupant of unit 122 reserves the right to sign a lease with the purchaser for $1050/month, with Hydro costs (heating, energy, hot water) to be paid by the purchaser. His garage space will also be included in the lease.

Revenues shown take into account the $1,050/month rental value of the owner-occupied dwelling, as well as the storage space currently vacant and posted for rent at $450/month.

This sale is made without legal warranty of quality and at the buyer's risk.

The lease of the dwelling at 122, rue Principale Nord, which will be rented to the vendor, Mrs. Cécile Coutu, will be effective as of the date of the deed of sale and will be for an indeterminate term. In fact, only Mrs. Coutu may terminate the lease at her own discretion by giving the owner 3 months' written notice. The buyer hereby irrevocably waives his right to repossess the dwelling located at 122, rue Principale Nord, in accordance with article 1957 of the Civil Code of Québec. This undertaking will be provided for in the notarial deed.

Inclusions:

According to leases.

Exclusions:

According to the owner's leases, property and furnishings.

Property Summary

  • Lot Assessment: $48,300.00
  • Building Assessment: $197,500.00
  • Total Assessment: $245,800.00
  • Assessment Year: 2024
  • Municipal Tax: $4,775.00
  • School Tax: $163.00
  • Annual Tax Amount: $4,938.00 (2024)
  • Lot Frontage: 79.9 Feet
  • Lot Depth: 180.0 Feet
  • Lot Size: 14436.5 Square Feet
  • Building Width: 31.0 Feet
  • Building Depth: 54.6 Feet
  • No. of Parking Spaces: 5
  • Floor Space (approx): 3472.4 Square Feet
  • Built in: 1935
  • Bedrooms: 1
  • Bathrooms (Total): 1
  • Zoning: COMM, RESI

Building Features:

  • Driveway:
    Asphalt
  • Heating System:
    Hot water , Electric baseboard units
  • Water Supply:
    Municipality
  • Heating Energy:
    Electricity , Heating oil
  • Foundation:
    Poured concrete , Stone
  • Garage:
    Detached , Single width
  • Proximity:
    Highway , Park , Elementary school , High school
  • Basement:
    Low (less than 6 feet) , Unfinished
  • Parking:
    Driveway , Garage
  • Sewage System:
    Municipality
  • Lot:
    Bordered by hedges
  • Window Type:
    Sliding , Guillotine
  • Roofing:
    Asphalt shingles

Revenue Units

  • Potential gross revenue: Residential
    $42,924.00
  • Potential gross revenue: Commercial
    $7,200.00
  • Potential gross revenue: Date
    03-20-2024

Expenses (annual)

  • Snow removal
    $532.00
  • Heating oil
    $11,355.00

Revenue Units

  • Pieces: 3 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 5 Bedrooms: 3 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 2 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 5 Bedrooms: 3 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Pieces: 2 Bedrooms: 1 Bathrooms: 1 Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
  • Potential Monthly Revenue: $0.00
Lifestyle
Neighbourhood Info
Agent

Jean-Francois Bérubé

Courtier immobilier agréé DA

Phone: 819.820.8363

Home Phone: 819.820.8363

Home Fax: 819.562.5590

Toll Free: 888.820.8363

Agent

Dominique Massicotte

Courtier immobilier résidentiel et commercial

Phone: 819.820.8363

Home Phone: 819.820.8363

Home Fax: 819.562.5590

Get More Info