Fast Close !! LARGE Duplex Flip or Rental Opportunity in Longueuil !! Assigned
- $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