Great opportunity and excellent investment! Very nice detached 4plex.
2x5.5 and 2x4.5 all rented.
Lot area: 5000 sq. ft.
Tenants pay electricity and heating.
Prime location: quiet area close to all amenities.
Income: 27780/year.
Asking Price:$ 463 000
305-311, 9ème Avenue, $463,000
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Other details :
| Expenses summary | Monthly | Annual |
|---|---|---|
| Mortgage | ||
| Municipal taxes | $332.23 | $3,986.70 |
| School taxes | $55.17 | $662 |
| Insurance | $122.25 | $1,467 |
| Total known costs | $509.64 | $6,115.70 |
In Quebec, the transfer tax is a tax that all municipalities must collect from the new owner (buyer) of a property
Transfer tax amount : ?
So you decided you like this property and would like to make an offer.
Here are the steps.
As soon as possible in your buying process, make sure you can get the necessary financing to acquire the property. Consult a financial advisor and/or get a pre-approved mortgage. You will then know the exact amount of the loan that your financial institution is willing to lend you.
When you have visited the property one or more times and you have made your decision, you will want to hire a home inspector to ensure that the property is in good condition. The inspector will check for defects and will provide a detailed inspection report. You will then know if there is work to be done and, in certain cases, you will have an estimate of how much it will cost to undertake them.
You can make an Offer to Purchase that is conditional upon obtaining a satisfactory inspection report (see next step).
For information on finalizing the transaction and making an Offer to Purchase, click here (http://www.comfree.com/buy/steps/legal).
When the offer has been accepted and the conditions fulfilled, you must choose a notary to complete the transaction. The seller must provide the notary with the property titles.
The notary will then contact both parties to schedule a meeting in accordance with the timeframe you specified in the Offer to Purchase.
Once this step is completed, you can consider the property yours!
DuProprio is a team of more than 280 people committed to providing you with outstanding service so you can successfully sell your home.
1-866-387-7677
