Complete Listing

11320 Pelletier, Montréal-Nord

Cost per Unit (CPU)
111 000 $
Gross Revenue Multiplicator (GRM) 13.3
Net Revenue Multiplicator (NRM) 20.6
Capitalization Rate (CAP)
4.8 %

Building of 13 units located in Montreal-nord built in 1968 with 1 x 5.5 + 11 x 4.5 + 1 x 3.5. Large garage that could store 7 vehicules. Locker spaces in the basement for the tenants. Janitor or small workshop space. Heating, hot water and electricity paid by tenants. Bathrooms have been renovated and most kitchens have been refreshed. THE ACTUAL MORTGAGE IS ADVANTAGEOUS TO ASSUME.

Cartography

Map

Property description

Features

Heating System Electric baseboards
Hot Water System Independent tanks
Electrical Pannels Breakers
Plumbing Copper and steel
Condition of Kitchens 3/4 renovated/refreshed
Condition of Bathrooms Renovated except #9
Floor Covering Wood, laminated, ceramic, vinyl
Environmental Study Yes
Condition of Roof Redone in 1993, tar and gravel
Siding Brick
Condition of Balconies Concrete
Condition of Doors Good condition
Condition of Windows Aluminium
Type of Parking Interior (garage) and exterior
Intercom and Bell Buzzer
Fire System Yes, according to the norms
Janitor Agreement Yes

Construction

Year Built 1968
Building Type Detached
Construction Type Brick and wood
Number of Stories 3
Other Informations

Building type

Number of Units 1x5.5 + 11x4.5 + 1x3.5
Number of Parkings 7 spots inside
Responsability of Heating Tenants
Responsability of Hot water Tenants
Responsability of Appliances Tenants
Washer /Dryer Installation In all the units
Laundry No
Other Informations

Significant capital expenditures since 10 years

  • - Renovated bathrooms except #9
  • - Conversion of the heating system and hot water
  • - The fire alarm panel has been replaced in 2018.
  • - Several back doors have been changed for steel doors

Other informations

THE SALE IS MADE WITHOUT LEGAL WARRANTY OF QUALITY TO THE RISKS AND PERILS OF THE BUYER

The buyer must refinance  the mortgage at the vendor's institution
First National | Balance: 1 044 173$ | Rate : 3,43% | Term: March 2028 | Monthly Instal. (C+I) :  4377$

The remarks, descriptions, features and financial projections contained in the present document are only for information purposes and should not be considered as being official. The information herein comes from what we consider reliable sources but for which we cannot guarantee the accuracy. It is the buyer’s responsability to verify all the information and to declares himself satisfied or dissatisfied while in the due dilligence process following an accepted promise to purchase.

Financial information

Rent roll

Available only to connected users. Log in for details.

Pictures