Quintuplex in Saint-Jérôme

1,399,000 $
Description
Five-unit income property located in a sought-after area of Saint-Jérôme. Fully renovated in 2018, including the water service line, plumbing, electrical systems, insulation, doors, windows, roof, exterior siding, flooring, and landscaping. All units are equipped with heat pumps and benefit from concrete floors between levels, providing excellent soundproofing. Low-maintenance aluminum balconies. Riverfront setting at the rear of the property and ample parking for tenants. Attractive rental income and excellent investment potential.
Highlights
Located in a strategic and highly sought-after area of Saint-Jérôme, this five-unit income property represents an exceptional opportunity for investors seeking a real estate asset that offers attractive revenue, simplified management, and excellent long-term holding potential.
The building underwent a major renovation in 2018, during which virtually all of its key components were upgraded. Improvements included the replacement of the main water service line, a complete overhaul of the plumbing systems, replacement of electrical components, insulation upgrades, new doors and windows, a new roof, new exterior siding, and updated flooring throughout the apartments. The exterior landscaping was also redesigned to provide an attractive and functional environment.
The apartments stand out thanks to the presence of concrete floors between levels, a significant feature that enhances soundproofing and overall tenant comfort. All units are also equipped with heat pumps, providing efficient heating and air conditioning year-round, further contributing to tenant satisfaction and the property's rental appeal.
The aluminum balconies offer superior durability while requiring minimal maintenance, helping reduce future operating costs.
The property generates attractive rental income and benefits from a tenant base that appreciates both the quality of the building and its location. The extensive renovations completed allow investors to acquire a property where many major building components have already been replaced, significantly reducing capital expenditure requirements in the short and medium term. This combination of strong income potential and major completed improvements represents a considerable advantage in today's market.
The lot enjoys a desirable setting with the river located at the rear of the property, providing a peaceful and attractive environment. Ample parking is available for tenants, a highly valued feature in the area.
The location offers quick access to shopping, schools, public transportation, healthcare facilities, and major transportation routes. This combination of a sought-after location, extensively renovated building, and appealing natural surroundings helps maintain strong rental demand and excellent long-term rental potential.
A rare opportunity to acquire a quality income property that has benefited from substantial investments, offering an attractive combination of revenue, stability, low maintenance requirements, and peace of mind for investors.
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