Quadruplex for sale
278 - 278A, Rue Principale, Plaisance
$695,000
Features
Use of property
Residential
Building style
Detached
Year built
1954
Lot area
7,549 sqft
Parking (total)
Driveway (4)
Number of units
Residential (4)
Residential units
2 x 3 ½, 1 x 4 ½, 1 x 5 ½
Main unit
4 rooms, 2 bedrooms, 1 bathroom
Potential gross revenue
$51,480
Move-in date
According to leases
Description
WOW!! Turnkey income property offering an attractive 6% cap rate with annual revenues of $51,480. Ideal opportunity for an investor or an owner-occupant (possibility to purchase with as little as 5% down). This multiplex features 2 x 2-bedroom units, 1 x 3-bedroom unit, and 2 x 1-bedroom units. Two of the units have been fully renovated. All units are rented, with heating and electricity paid by the tenants, ensuring simplified management and controlled expenses. Roof redone in 2025. Strong metrics: GRM of 13.6 and NMR of 15.24. Price per door: $173,750. Strategically located next to Highway 50.
Centris No. 9176269
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Financial details
| Municipal assessment (2026) | |
|---|---|
| Lot | $19,600 |
| Building | $280,700 |
| Total | $300,300 |
| Taxes | |
|---|---|
| Municipal (2026) | $3,755 |
| School (2026) | $176 |
| Total | $3,931 |
| Expenses | |
|---|---|
| Insurance | $1,944 |
| Total | $1,944 |
See all financial details