The Largest Number of Homes for Sale
Quadruplex for sale
646 - 648, Terrasse Forest, Saint-Jérôme
$575,000
$575,000
Quadruplex for sale
646 - 648, Terrasse Forest, Saint-Jérôme
Features
Use of property
Residential
Building style
Detached
Year built
1961
Building area (at ground level)
1,140 sqft
Lot area
11,140 sqft
Parking (total)
Driveway (8)
Number of units
Residential (4)
Residential units
2 x 2 ½, 2 x 5 ½
Main unit
2 rooms, 1 bedroom, 1 bathroom
Potential gross revenue
$67,200
Additional features
Basement 6 feet or +
Move-in date
According to leases
Description
Rare opportunity in Saint-Jérôme! Ideal for a seasoned investor or general contractor. Building with strong optimization potential. Bank appraisal at $660,000, with an estimated immediate profit of $85,000 at purchase. After renovations, potential profit of approximately $250,000. IMPORTANT: about $150,000 to $200,000 in renovations required, as the units need significant work. Very solid building structure. Zoning allows up to 8 units on a large lot. 3 units currently vacant with the possibility of a 4th. Ideal project for value creation. Reason for sale: the project has become too large for the current owner. Who will seize the opportunity?
Centris No. 25052527
Need more details?
Visit the real estate broker's website to see the detailed sheet of this property.
Financial details
| Municipal assessment (2024) | |
|---|---|
| Lot | $223,500 |
| Building | $325,300 |
| Total | $548,800 |
| Taxes | |
|---|---|
| Municipal (2026) | $4,827 |
| School (2026) | $358 |
| Total | $5,185 |
See all financial details
Open house
Sunday, March 22 - 2 to 4 p.m.
