660 2e Rue
Saint-Jean-sur-Richelieu, QC J2X
$429,000
MLS#
10384646
Bathrooms:
2
Type:
Duplex
Livable Area:
0
Year Built:
1940
Bedrooms:
3
Lot Area:
2463.66 PC
Residential Units
10 1/2 x 4 1/2
Potential gross revenue:
$31,920
Description

Duplex in sought-after Iberville sector offering 7½ and 4½ rooms. Annual rental income of $31,920 generating a yield of 7.33%. Recent improvements: sloped roof shingles in 2022, two new water heaters installed in 2023, upgraded wall insulation, both 662 bathrooms updated, 660 bathroom floor replaced. Drain pump installed in 2017 with check valve. Electric heating, connected to municipal services. Income above the local market average of $28,200 annually. Act fast! Take a virtual tour, you'll be charmed! Translated with DeepL.com (free version)

Municipal land valuation

$51,500

Municipal building valuation

$177,100

More information

EXCEPTIONAL INVESTMENT OPPORTUNITY

Discover an income property that is redefining real estate profitability in the Saint-Jean-sur-Richelieu region. This property offers a rare combination of superior financial performance, major recent improvements and privileged geographic positioning, making it the investment of choice for 2025.

OUTSTANDING FINANCIAL PERFORMANCE With an exceptional gross yield of 7.33%, this property far exceeds local market standards. Annual revenues of $31,920 represent a competitive advantage of +13.2% over the regional average, generating a net monthly cash flow of $1,926 after all expenses. This performance places the investment in the top 10% of opportunities available on the market.

ENHANCED INVESTMENT SECURITY Recent improvements are a real guarantee of peace of mind for the discerning investor. The re-shingled roof in 2022 and new water heaters in 2023, combined with optimized insulation, eliminate the main sources of unforeseen expenses in the coming years. These investments, already completed, represent substantial savings and immediate operational security. PREMIUM LOCATION IN A RESEARCHED AREA Located in the Iberville area, renowned for its stability and strong rental demand, this building benefits from an environment conducive to capital appreciation. The strategic location offers ideal geographic diversification while maintaining proximity to the region's economic activity centers.

IMMEDIATE BENEFITS FOR THE INVESTOR Profitability from the outset: With tenants already established, this investment generates immediate income with no transition period. Positive cash flow enables all costs to be covered, while generating a substantial profit from the very first month.

Simplified management: Recent improvements significantly reduce the need for intervention and maintenance, enabling optimal passive management.

Appreciation potential: In an ever-growing real estate market, this well-maintained property in a sought-after sector offers excellent potential for medium- to long-term appreciation.

All measurements and dimensions are approximate and are provided for information purposes only. They should not be considered a substitute for professional advice or an accurate assessment.

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Room Details
Room Dimensions Level Flooring
Living room 16.3 x 11.8 P Ground Floor Floating floor
Dining room 16.3 x 9.9 P Ground Floor Floating floor
Den 18.5 x 10.3 P Ground Floor Floating floor
Kitchen 8.9 x 16.5 P Ground Floor Ceramic tiles
Bedroom 11.5 x 16.1 P Ground Floor Floating floor
Bathroom 5.5 x 7 P Ground Floor Ceramic tiles
Other 5 x 11.6 P Ground Floor Floating floor
Bedroom 17 x 11.2 P 2nd Floor Floating floor
Bedroom 17 x 10.11 P 2nd Floor Floating floor
Home office 10.2 x 11.3 P 2nd Floor Wood
Bathroom 11 x 7.9 P 2nd Floor Floating floor
Building
Type Duplex
Style Detached
Dimensions 58.5x18.3 P
Lot Size 2463.66 PC
Expenses
Municipal Taxes (2025) $ 2352 / year
School taxes (2024) $ 122 / year
Characteristics
Siding Aluminum
Roofing Asphalt shingles, Elastomer membrane
Heating system Electric baseboard units
Heating energy Electricity
Basement Finished basement
Topography Flat
Sewage system Municipal sewer
Water supply Municipality
Driveway Not Paved
Parking Outdoor
Foundation Poured concrete
Windows PVC, Wood
Zoning Residential
Window type Sliding
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