for sale
115 Boul. Jean-Paul-Vincent
Le Vieux-Longueuil (Longueuil), J4G1H5
MLS # 9572804
Discover two exquisite 8-plex buildings nestled in the
heart of prime Vieux Longueuil, ideally situated at 115 &
125 Jean Paul Vincent.
Featuring a total of 16 spacious 4.5 units, each offering
exterior parking spots and washer/dryer hookups.
Natural gas heating, owner pays the heating bill for the
building and each tenant. (AVG $1500/monthly per building).
Currently, 8 units are vacant, with 4 units fully renovated
by the seller and the remaining 4 awaiting renovation by
the buyer or retention in their current condition.
Renovated units are generating $1650 per month, appliances
included.
Conveniently located within walking distance of public
transportation, grocery stores, parks, schools, and more.
The area boasts a robust corporate presence including Pratt
& Whitney, ensuring a stable tenant base.
Significant upgrades completed by the seller include new
lobby entrances, freshly painted interiors, upgraded
gypsum, and recessed lighting throughout. Additionally, new
fire alarm systems have been installed.
This asset is in impeccable overall condition, presenting
an ideal opportunity for an investor/operator to achieve
full stabilization by completing the renovation of vacant
units and maximizing building revenue.
1 of 2 boilers have been replaced as of 2022.
Potential gross income of $1650 x 16 = $316,800
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- Driveway: Asphalt, Concrete
- Heating system: Radiant
- Water supply: Municipality
- Heating energy: Natural gas
- Distinctive features: Environmental study phase 1
- Proximity: Highway, Cegep, Daycare centre, Golf, Hospital, Park - green area, Bicycle path, Elementary school, Alpine skiing, High school, Cross-country skiing, Public transport, University
- Parking: Outdoor
- Sewage system: Municipal sewer
- Zoning: Residential
- Insurance: $12,939 / year
- Municipal Taxes: $16,616 / year
- School taxes: $1,660 / year
contact agent
Residential & Commercial Real Estate Broker
Mark Reiner
Residential & Commercial Real Estate Broker
Maximilian Cronin
