Investing in Saint-Rémi
Rental potential in Saint-Rémi
Rental demand is supported by the city's role as a service hub and by jobs in the agri-food sector and its industrial park. The rental stock is made up mostly of plexes and small buildings. The surrounding farmland and commercial spaces on main arteries, such as Rue Notre-Dame, represent other avenues.
How we analyze a plex
Gross income multiplier
The asking price compared with the building's income and with plexes sold in the area.
Net income
Actual rents minus taxes, insurance, energy, maintenance and vacancy: what you really keep.
Comparable sales
Plexes recently sold in Saint-Rémi and the surrounding area, and the price per door, adjusted for the condition of the building.
Municipal assessment
The relationship between the price and the municipal assessment, to help frame an offer.
Before buying a plex in Saint-Rémi
- The current leases and the renewal notices for each unit.
- Vacant units and market rents in the area.
- The condition of the building: roof, windows, plumbing, electrical and foundation.
- The number of dwellings allowed by the zoning.
- Municipal and school taxes, insurance and energy.
- Financing: the down payment varies depending on the number of units and whether you live in the building.
For an $800,000 plex in Saint-Rémi, the welcome tax is approximately $14,611. Calculate it for your price →