Complete Listing

800 - 810 Bonaventure, Trois-Rivières

309 000 $ Price
Cost per Unit (CPU)	52 000 $
Gross Revenue Multiplicator (GRM)	7.6
Net Revenue Multiplicator (NRM)	18.5
Capitalization Rate (CAP)	5.4 %

Beautiful 6 units strategically located in downtown Trois-Rivières. The neighboring land is part of the sale and allows the construction of a building of 2 units and more (possible subsidy - to be confirmed with the City). Good potential for increasing income and reducing expenses (eg heating). Several renovations done in the last years (see list below)

Cartography

Map

Property description

General information

Cadastre	1 209 189
Lot Area	302,60 m2

Municipal Assessment - Lot	27 200 $
Municipal Assessment - Building	249 800 $
Municipal Assessment - Total	277 000 $

General information

Cadastre	1 209 189
Lot Area	302,60 m2
Municipal Assessment - Lot	27 200 $
Municipal Assessment - Building	249 800 $
Municipal Assessment - Total	277 000 $

Features

Heating System	Natural gas / electric
Hot Water System	Independant tanks
Electrical Pannels	Breakers
Plumbing	Mixte
Condition of Kitchens	1 new, others in good condition
Condition of Bathrooms	Good condition
Floor Covering	Laminated and ceramic
Environmental Study	Yes in 2008
Condition of Roof	Elastomeric membrane 2010
Siding	Brick
Condition of Balconies	Wood
Condition of Doors	Good condition
Condition of Windows	Good condition
Type of Parking	Exterior
Intercom and Bell	No
Fire System	No
Janitor Agreement	No

Construction

Year Built	1921
Building Type	Detached
Construction Type	Brick and wood
Number of Stories	2
Other Informations

Building type

Number of Units	1x6.5 + 2x3.5 + 3 studios
Number of Parkings	10 spots
Responsability of Heating	Tenant for the 3.5
Responsability of Hot water	Tenant for the 3.5
Responsability of Appliances	Owner except the 3.5
Washer /Dryer Installation	Yes, except the 2.5
Laundry	No
Other Informations

Significant capital expenditures since 10 years

19 windows were changed in 2012-2013
The roof was redone in elastomeric membrane in 2010
4 doors were changed in 2018
9 windows were replaced in 2018
Painting and complete flooring of 3.5 in 2017

Other informations

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

The tenants of the 2.5 can use the laundry on the other side of the street. Heating system : 2x3.5 = Electric baseboards / Others : Natural gas central system.

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	38 940 $	95 %	541 $
Commercial Revenues	$	0 %	0 $
Parking Revenues	1 920 $	5 %	27 $
Laundry Revenues	$	0 %	0 $
Storage Revenues	$	0 %	0 $
Total Revenues	40 860 $

Expenses			% / GR	CPU
Vacancy/Bad Debt	2 901 $	\| CMHC	7.1 %	484 $
Administration	1 138 $	\| CMHC	2.8 %	190 $
Municipal taxes	6 127 $	\| Actual	15.0 %	1 021 $
School taxes	503 $	\| Actual	1.2 %	84 $
Insurance	3 121 $	\| Actual	7.6 %	520 $
Electricity	1 360 $	\| Actual	3.3 %	227 $
Heating	3 013 $	\| Actual	7.4 %	502 $
Snow Removal	575 $	\| Actual	1.4 %	96 $
Elevator	$	\| Actual	0.0 %	0 $
Equipment rental	$	\| Actual	0.0 %	0 $
Maintenance Reserve	3 000 $	\| CMHC	7.3 %	500 $
Wages / janitor	750 $	\| CMHC	1.8 %	125 $
Furniture reserve	300 $	\| Actual	0.7 %	50 $
Other Expenses	1 387 $		3.4 %	231 $
Total expenses	24 176 $	59.2 %		4 029 $
Net income	16 684 $

Revenues

Residential Revenues	38 940 $	95 %
Commercial Revenues	$	0 %
Parking Revenues	1 920 $	5 %
Laundry Revenues	$	0 %
Storage Revenues	$	0 %
Total Revenues	40 860 $

Expenses

Vacancy/Bad Debt	2 901 $	\| CMHC	7.1 %
Administration	1 138 $	\| CMHC	2.8 %
Municipal Taxes	6 127 $	\| Actual	15.0 %
School Taxes	503 $	\| Actual	1.2 %
Insurance	3 121 $	\| Actual	7.6 %
Electricity	1 360 $	\| Actual	3.3 %
Heating	3 013 $	\| Actual	7.4 %
Snow Removal	575 $	\| Actual	1.4 %
Elevator	$	\| Actual	0.0 %
Equipment rental	$	\| Actual	0.0 %
Maintenance Reserve	3 000 $	\| CMHC	7.3 %
Wages / janitor	750 $	\| CMHC	1.8 %
Furniture reserve	300 $	\| Actual	0.7 %
Other Expenses	1 387 $	\| Actual	3.4 %
Total expenses	24 176 $		59.2 %
Net income	16 684 $

Financing	Conventional	CHMC	Assumption
Maximum loan amount	231 000 $	263 000 $
Financing cap. rate	5.42 %	4.99 %
Debt coverage ratio	1.15	1.10
Interest rate	4.00 %	3.50 %
Amortization	25 years	30 years
Term	5 years	5 years
Cash flow	Conventional	CHMC	Assumption
Listing net revenue	16 684 $	16 684 $
Annual Mortgage Cost	14 581 $	14 657 $
Net Cash after Mortgage	2 102 $	2 026 $
Return on investment at asking price
Cash down payment	78 000 $	46 000 $
Cash on cash	2.7 %	4.4 %
Cash + principal	9.8 %	15.8 %

Financing
Conv.	SCHL	Assumation
Maximum loan amount
231 000 $	263 000 $
Financing cap. rate
5.42 %	4.99 %
Debt coverage ratio
1.15	1.10
Interest rate
4.00 %	3.50 %
Amortization
25 years	30 years
Term
5 years	5 years
Cash flow
Conv.	SCHL	Assumation
Net revenue
16 684 $	16 684 $	16 684 $
Annual Mortgage Cost

Net Cash after Mortgage
2 102 $	2 026 $
Return on investment
Cash down payment
78 000 $	46 000 $
Cash on cash
2.7 %	4.4 %
Cash + principal
9.8 %	15.8 %
IRR with 2% market appreciation
17.7 %	29.3 %