Complete Listing

1015 Des Quatre-Saisons, Fleurimont

2 449 000 $ Price
Cost per Unit (CPU)	79 000 $
Gross Revenue Multiplicator (GRM)	10.7
Net Revenue Multiplicator (NRM)	21.3
Capitalization Rate (CAP)	4.7 %

Beautiful 31 units located in the area Fleurimont very well located near Galleries Quatre-Saisons and all services. Building all brick composed of 22x4.5 + 9x3.5. Very large parking. Heating and hot water costs are at the owner's expense. Assuming mortgage at an attractive interest rate, the CMHC premium is already paid. Take this chance!

Cartography

Map

Property description

General information

Cadastre	1 331 162
Lot Area	3231.6

Municipal Assessment - Lot	222 300 $
Municipal Assessment - Building	1 621 900 $
Municipal Assessment - Total	1 844 200 $

General information

Cadastre	1 331 162
Lot Area	3231.6
Municipal Assessment - Lot	222 300 $
Municipal Assessment - Building	1 621 900 $
Municipal Assessment - Total	1 844 200 $

Features

Heating System	Electric baseboards
Hot Water System	Central tanks
Electrical Pannels	Breakers
Plumbing	Copper
Condition of Kitchens	Good condition
Condition of Bathrooms	Good condition
Floor Covering	Laminated, ceramic and carpet
Environmental Study	Yes
Condition of Roof	Good condition
Siding	Brick
Condition of Balconies	Refreshed in 2005
Condition of Doors	Good condition
Condition of Windows	Good condition
Type of Parking	Exterior
Intercom and Bell	Intercom
Fire System	Yes
Janitor Agreement	Yes, contract in management

Construction

Year Built	1976
Building Type	Detached
Construction Type	Brick and wood
Number of Stories	3
Other Informations

Building type

Number of Units	22x4.5 + 9x3.5
Number of Parkings	44
Responsability of Heating	Owner
Responsability of Hot water	Owner
Responsability of Appliances	Tenants (except 5 units owner)
Washer /Dryer Installation	Yes in the 4.5
Laundry	Yes for the 3.5
Other Informations

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
Peoples Trust | Balance: 1 818 979$ | Rate : 3,26% | Term: December 2023| Monthly Instal. (C+I) : 8038$

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

Revenues		%	RPU(m)
Residential Revenues	226 272 $	99 %	608 $
Commercial Revenues	$	0 %	0 $
Parking Revenues	720 $	0 %	2 $
Laundry Revenues	1 500 $	1 %	4 $
Storage Revenues	$	0 %	0 $
Total Revenues	228 492 $

Expenses			% / GR	CPU
Vacancy/Bad Debt	11 424 $	\| CMHC	5.0 %	369 $
Administration	10 853 $	\| CMHC	4.8 %	350 $
Municipal taxes	28 426 $	\| Actual	12.4 %	917 $
School taxes	2 817 $	\| Actual	1.2 %	91 $
Insurance	5 502 $	\| Actual	2.4 %	177 $
Electricity	26 835 $	\| Estimated	11.7 %	866 $
Heating	$	\| Actual	0.0 %	0 $
Snow Removal	1 831 $	\| Actual	0.8 %	59 $
Elevator	$	\| Actual	0.0 %	0 $
Equipment rental	$	\| Actual	0.0 %	0 $
Maintenance Reserve	15 500 $	\| CMHC	6.8 %	500 $
Wages / janitor	9 300 $	\| CMHC	4.1 %	300 $
Furniture reserve	550 $	\| Actual	0.2 %	18 $
Other Expenses	488 $		0.2 %	16 $
Total expenses	113 527 $	49.7 %		3 662 $
Net income	114 965 $

Revenues

Residential Revenues	226 272 $	99 %
Commercial Revenues	$	0 %
Parking Revenues	720 $	0 %
Laundry Revenues	1 500 $	1 %
Storage Revenues	$	0 %
Total Revenues	228 492 $

Expenses

Vacancy/Bad Debt	11 424 $	\| CMHC	5.0 %
Administration	10 853 $	\| CMHC	4.8 %
Municipal Taxes	28 426 $	\| Actual	12.4 %
School Taxes	2 817 $	\| Actual	1.2 %
Insurance	5 502 $	\| Actual	2.4 %
Electricity	26 835 $	\| Estimated	11.7 %
Heating	$	\| Actual	0.0 %
Snow Removal	1 831 $	\| Actual	0.8 %
Elevator	$	\| Actual	0.0 %
Equipment rental	$	\| Actual	0.0 %
Maintenance Reserve	15 500 $	\| CMHC	6.8 %
Wages / janitor	9 300 $	\| CMHC	4.1 %
Furniture reserve	550 $	\| Actual	0.2 %
Other Expenses	488 $	\| Actual	0.2 %
Total expenses	113 527 $		49.7 %
Net income	114 965 $

Financing	Conventional	CHMC	Assumption
Maximum loan amount	1 623 000 $	1 781 000 $	1 818 979 $
Financing cap. rate	5.31 %	5.49 %
Debt coverage ratio	1.20	1.30
Interest rate	3.40 %	2.90 %	3,26%
Amortization	25 years	30 years	30 years
Term	5 years	5 years	Décembre 2023
Cash flow	Conventional	CHMC	Assumption
Listing net revenue	114 965 $	114 965 $	114 965 $
Annual Mortgage Cost	96 212 $	92 974 $	96 461 $
Net Cash after Mortgage	18 752 $	21 990 $	18 504 $
Return on investment at asking price
Cash down payment	826 000 $	668 000 $	630 021 $
Cash on cash	2.3 %	3.3 %	2.9 %
Cash + principal	7.4 %	9.2 %	3.4 %

Financing
Conv.	SCHL	Assumation
Maximum loan amount
1 623 000 $	1 781 000 $	1 818 979 $
Financing cap. rate
5.31 %	5.49 %
Debt coverage ratio
1.20	1.30
Interest rate
3.40 %	2.90 %	3,26%
Amortization
25 years	30 years	30 years
Term
5 years	5 years	Décembre 2023
Cash flow
Conv.	SCHL	Assumation
Net revenue
114 965 $	114 965 $	114 965 $
Annual Mortgage Cost
		96 461 $
Net Cash after Mortgage
18 752 $	21 990 $	18 504 $
Return on investment
Cash down payment
826 000 $	668 000 $	630 021 $
Cash on cash
2.3 %	3.3 %	2.9 %
Cash + principal
7.4 %	9.2 %	3.4 %
IRR with 2% market appreciation
13.3 %	16.6 %	11.2 %

Rent roll

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Complete Listing

1015 Des Quatre-Saisons, Fleurimont

Cartography

Property description

General information

General information

Features

Construction

Building type

Other informations

Financial information

Revenues

Expenses

Revenues

Expenses

Financing

Cash flow

Financing

Cash flow

Rent roll

Available only to connected users. Log in for details.

Pictures