Key Facts
- MLS® #: 14390326
- Property ID: SIRC1377124
- Property Type: Residential, Fourplex
- Bedrooms: 9
- Bathrooms: 4
- Approximate Age: Centenaire
- Parking Spaces: 12
- Municipal Taxes 2023: $7,008
- School Taxes 2023: $745
- Listed By:
- François Emond
Property Description
Quadruplex offering excellent profitability and stable tenants. The quadruplex comprises four spacious units, each with it's own distinct character. Carefully designed for modern comforts, each apartment meets the expectations of even the most discerning tenants. Functional kitchens feature, modern bathrooms offer convenience, and well-appointed bedrooms and living room optimize available space. Increasing potential incomes aare still there.
Quadruplex offering Excellent profitability and Stable Tenants
Vieux Longueuil, a neighborhood with historical charm and a welcoming ambiance, has become a favorite destination for real estate investors seeking lucrative opportunities. At the heart of this sought-after district lies a promising quadruplex that catches the attention of savvy investors, offering excellent profitability and stable tenants.
Upon entering this well-maintained property, one cannot help but be impressed by its elegant allure. The façade exudes classic charm with its red bricks and period architectural elements, reflecting the neighborhood's rich history. The interior, too, is filled with appeal, boasting hardwood floors, high ceilings, and large windows that allow ample natural light to flood the spaces.
The quadruplex comprises four spacious units, each with its own distinct character. Carefully designed and equipped with modern comforts, each apartment meets the expectations of even the most discerning tenants. Functional kitchens feature quality appliances, modern bathrooms offer convenience, and well-appointed bedrooms optimize available space.
One of the major advantages of this property is the stability of its tenants. Currently, all four units are occupied by loyal tenants, a testament to the property's quality and the exemplary management of the current owner. This tenant stability ensures a steady income stream and provides investors with confidence in the long-term viability of this investment.
Speaking of income, the profitability of this quadruplex is exceptional. Thanks to the strong rental demand in the Vieux Longueuil sector, competitive rental rates can be set while still generating an attractive net yield. Maintenance and management costs are also well-controlled, maximizing overall returns.
In addition to its profitability and tenant stability, this property also offers long-term appreciation potential. The Vieux Longueuil neighborhood is experiencing growth, attracting new residents due to its authentic charm and proximity to urban amenities. Moreover, ongoing urban development projects in the area further enhance the appeal of real estate investment in this sector.
In conclusion, this quadruplex located in the Vieux Longueuil sector represents a golden opportunity for investors seeking a property with excellent profitability and enviable tenant stability. With its loyal tenants, appreciation potential, and prime location in a rapidly expanding neighborhood, this property stands as a secure and promising investment in today's competitive real estate market.
Amenities
- Garage
- Parking
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Location
155-161 Rue Labonté, Le Vieux-Longueuil, Quebec, J4H2P6 Canada
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Additional Features
Driveway: Asphalt, Available services: Indoor storage space, Water supply: Municipality, Heating energy: Electricity, Heating energy: Natural gas, Windows: PVC, Foundation: Poured concrete, Foundation: Stone, Garage: Detached, Garage: Single width, Proximity: Highway, Proximity: Cegep, Proximity: Daycare centre, Proximity: Hospital, Proximity: Park - green area, Proximity: Bicycle path, Proximity: Elementary school, Proximity: High school, Proximity: Public transport, Siding: Brick, Basement: Low (less than 6 feet), Basement: Separate entrance, Basement: Partially finished, Parking: Outdoor x 8, Parking: Garage x 4, Sewage system: Municipal sewer, Landscaping: Fenced, Window type: Hung, Roofing: Elastomer membrane, Topography: Flat, Zoning: Residential
Marketed By
Sotheby’s International Realty Québec
1430 rue Sherbrooke Ouest
Montréal, Quebec, H3G 1K4