This property represents an excellent investment opportunity in a sought-after area of Old Longueuil.

At the time of sale, two of the three units will be vacant, allowing the future owner to optimize the building according to their standards and current rental market conditions.

**Current income**

The building currently generates approximately $21,000/year from the second-floor unit (5 ½). The ground-floor unit (5 ½ with garage and yard) will be available for occupancy, and the 3 ½ on the garden level is currently vacant.

**Rental potential according to the market**

Based on an analysis of comparable rents in the area:

5 ½ -- 2nd floor: estimated at around $1,750 to $1,900/month (currently at $1,750).

5 ½ -- ground floor with garage and yard: estimated at around $1,900 to $2,000/month, depending on improvements made.

3 ½ -- garden level: it has 1 bedroom and a den estimated at around $1,350 to $1,450/month.

Based on these estimates, the potential gross income could reach between $78,000 and $84,000 per year, a significant improvement over the current income.

**Work to be done**

The building has some maintenance needs, mainly in terms of the exterior:

- Foundation cracks to be repaired;

- Caulking to be redone (windows date from around 2010);

- Water management to be improved;

- Refurbishment of certain exterior elements (low walls, doors, balcony);

- replacement of the doors and the windows

- Front patio door in the unit 27 has been sealed shut due to water infiltation

- Balcony on the 2nd floor may need replacing

- Bathroom in the unit 25 need to be renovated

- Water infiltration observed in some units (see Seller's Declaration).

-The garage door is dangerous and needs to be replaced

-The French drain is not functioning needs to be replaced we have an estimate from 2024.

-The 3 heat pumps are non-functioning they will have to be removed by the buyer.

However, interior work has been carried out over the years, providing an interesting basis for an optimization project.

***Right of first refusal***

Please note that the co-owner of the building has a 72-hour right of first refusal. This means that any offer accepted by the seller must first be presented to the co-owner, who will have this period of time to match it and accept all of its terms and conditions. Potential buyers should therefore factor this step into their purchasing process.

**A strategic investment**

The combination of a sought-after location, two vacant units, an attached garage, and a significant gap between current and potential income makes this triplex a rare opportunity on the market.