Multi-family (2 to 5 units)
185-187 Boul. de Melocheville, Beauharnois
Unique opportunity for a smart investment. Well-maintained duplex located on a 22,720 sq. ft. lot with enormous potential. Unit 185 has 4 bedrooms and a loft, while unit 187 has a 4 1/2. Total gross income potential of $50,000/year. Ideal choice for a family, occupying unit 185 at a low price, thanks to the income from unit 187. Possibility of creating an integrated project. An integrated project is simply several triplexes built on the same lot, in a single project, without having to create new lots. Possibility of an intergenerational project if that is your need, or even to subdivide the land.
Income:
-Unit 185: The apartment is separated by a temporary wall and contains a loft ($625/month) with an annual lease and four rental rooms ($160/5 days or $185/7 days per room).-Unit 187: Apartment (4 1/2) $825/month with an annual lease.
-Possibility of converting the loft, which was created with a temporary wall, located at 185, into a fifth bedroom.Simply remove part of the temporary wall opposite the stairs and install a wall with a door to close off the section containing the bed, to create a fifth bedroom. This would make unit 185 a 100% rental room unit, which could generate a total gross income potential of $48,100 for unit 185, if all five bedrooms are rented 100% of the time at $185/week each.
Improvements over the years:
- Addition of a full bathroom in 2010 in floor 185- Renovation of the bathroom in floor 187 in 2013 (toilet, plumbing, bathtub, ceramic tiles)- Water heaters 2022 (2)- Building roof repair 2020- Shed roof repair in 2016 and 2024- The main water inlet valve located in floor 187 was replaced in 2022- Plumbing updated in 2024- The owner's brothers live in the building and their lease will end on June 30, 2026- However, tenants reserve the right to vacate early if they find accommodation before this date
-Snow removal fees include the main entrance only
- Land evaluation
- 116 600 $
- Building evaluation
- 292 300 $
- Total
- 408 900 $
- Insurance
- 3 804 $
- Cable TV
- 2 084 $
- Energy cost
- 3 720 $
- Snow removal / Lawn mowing
- 483 $
- Municipal Taxes (2025)
- 4 160 $
- School taxes (2025)
- 324 $
- Total
- 14 575 $