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390 Rue du Roi, Val-des-Sources, QC J1T1S8    $1,250,000

Frontage

Frontage

Drawing (sketch)

Back facade

Aerial photo

Aerial photo

Aerial photo

Aerial photo

Aerial photo

MLS: 27414082
4 2 1 2024 475.8 MC

Description

An investment opportunity that combines current income and growth potential! This townhouse-style residential building features four virtually new units that generate excellent income, all in a prime location. You'll also have the option to expand the building to add two additional units, offering attractive potential to further increase your income. Annual revenue of 86 760$!


A rare opportunity for investors seeking income, potential
for optimization, and development opportunities! This real
estate portfolio includes several properties offering a
variety of opportunities: residential units, commercial
spaces, developable land, and multi-unit housing projects.

The portfolio notably includes four nearly new residential
units at 390--396 Rue du Roi, generating very good income,
with the potential to expand the building to add two more
units. Nearby, at 374--380 Rue du Roi, there is a renovated
mixed-use building featuring two rental garages, an office
space, and a fully renovated residential unit. There is
also a lot on Rue du Roi connected to municipal utilities,
offering the possibility of building a 6-unit building.
Option to purchase both buildings together.

Annuel revenue of 86 760$!

A permit application has been submitted to add two
additional units to the right side of the building,
converting it into a six-unit property. A certified
appraisal report is available, indicating a potential value
of $1,835,000.

Inclusions: Depending on the leases.


Exclusions : N/A

BUILDING
Type Quadruplex
Style Detached
Dimensions 0x0
Lot Size 1046.3 MC
EXPENSES
Municipal Taxes (2026) $ 8402 / year
School taxes (2026) $ 517 / year
Room Dimensions Level Flooring
N/A
Roofing Asphalt shingles
Proximity Bicycle path, Daycare centre, Elementary school, Golf, High school, Hospital, Park - green area
Driveway Double width or more, Not Paved
Heating system Electric baseboard units, Space heating baseboards
Heating energy Electricity
Topography Flat
Equipment available Level 2 charging station, Ventilation system, Wall-mounted heat pump
Sewage system Municipal sewer
Water supply Municipality
Foundation Other, Poured concrete
Parking Outdoor
Windows PVC
Zoning Residential
Distinctive features Street corner
Siding Vinyl