Fast Close !! LARGE Duplex Flip or Rental Opportunity in Longueuil !! Pending

  • $395,000
  • 8 beds
  • 3.5 baths
  • 4262 sqft

Here is your chance to purchase a very large duplex in Longueuil! Located close to highways 132 and 25, bridges to the city, transit, grocery stores and other essentials, making it the perfect rental. This property features very large rooms and sits on a large lot (over 8000 sq ft, or 743 m2). The basement is currently part of the main floor unit but has the potential to be converted into its own space and become a triplex. This could mean 3 rental incomes !! Don’t miss out!

We are selling our assignable purchase contract.

Closing is January 27th, 2021
** As per our APS, the Buyer must assume the tenants of 19 Martin (main floor unit) upon closing. The Seller will provide the Buyer with a copy of all existing lease agreements within 5 working days after the property has been assigned. **

 

Please click HERE for more pictures and information.

Price:
$395,000
Address:
rue Martin
Longueuil, QC
Square Feet:
4262
Lot Size:
8250 sq ft
Bedrooms:
8
Bathrooms:
3.5
Terms:
Assignment of Contract
Property Type:
Duplex
Year Built:
1962
Basement:
Finished

Additional Features

7 + 1 bedrooms 3.5 bathrooms Built in 1962 Total living space: approximately 396 m2 (4262 sq ft) Above grade: 265 m2 (2852.4 sq ft) Finished basement: approximately 131 m2 (1,409 sq ft) 4 separate entrances 2 at the front 1 at the side 1 at rear that leads to the basement 200 AMP breaker panel 2 electrical meters 2 hot water tanks, both owned 60L (2014, as per Seller) 40L (2009, as per Seller) Central heating throughout Predates the Seller's occupancy but the blower was replaced in 2019 Central AC in basement and main floor unit Windows predate the Sellers occupancy in 2011 Roof (2019, as per Seller) Shed in the backyard Detached, 1-car garage Parking for 4+ cars in the driveway Lot size: 766.5 m2 (8250 sq ft) Zoning: residential ( H21-084) Appliances are not included in the sale (for all units) Tenant in main floor unit (19) is to be assumed by the Buyer until July 2021. Rent is $ 1,200 / month, heat and hydro is the responsibility of the tenant. Main Floor Unit (19) - see layout HERE 4 + 1 bedrooms 1.5 bathrooms Full bathroom on main floor Powder room is in the basement Entrance through front door on the right and at the side of duplex 60L hot water tank is owned (2014, as per Seller) Central heating Central AC Tenant in this unit is to be assumed by the Buyer until July 2021. Rent is $ 1,200 / month, and heat and hydro is the responsibility of the tenant. Upstairs Unit (21) - see layout HERE 3 bedrooms 1 full bathroom Entrance through the front door on the left 40L hot water tank is owned (2009, as per Seller) Separate 200 AMP breaker panel Central No AC Has 2 balconies ( 1 at front and 1 at rear) Previous leak into the kitchen was repaired when the roof was redone in 2019, however the interior needs to be finished This unit is vacant Bachelor unit - see layout HERE The basement has a bachelor unit with its own separate entrance through the backyard This is not a legal unit 1 full bathroom This unit will be vacant on possession PROPERTY NEEDS We believe this property is properly zoned to have a legal third unit in the basement. The investor should be able to make all 3 units into a 3 or 4 bedrooms, for a total of 11-12 bedrooms. Due to the large square footage of the building, it may be possible to divide it into more than 3 units, if the zoning permits. Full interior and exterior cosmetic updating There are very minor cracks to the foundation however there has been no leaks whatsoever. The Seller has fixed mortar between bricks to the outside left of building. (see picture HERE ) Garage needs updating

Call (647) 400-2093 for more details

Property Location