Complete Listing

Portfolio Le Concorde, Sept-Îles

Cost per Unit (CPU)
110 000 $
Gross Revenue Multiplicator (GRM) 13.6
Net Revenue Multiplicator (NRM) 25.1
Capitalization Rate (CAP)
4.0 %

Portfolio including 7 independent buildings located in Sept-Îles. 101 Comeau (22 dwellings), 111 Comeau (24), 645 Giasson (26), 649 Giasson (26), 157 Regnault (27), 181 Regnault (20) and 187 Regnault (21). Electric heating and hot water are paid for by the owner. Impeccably managed by the same family since the construction of the buildings.

Cartography

Map

Property description

Features

Heating System Electric baseboards
Hot Water System Central tanks (2x100 gallons)
Electrical Pannels Breakers
Plumbing Copper
Condition of Kitchens Good condition
Condition of Bathrooms Good condition and some are renovated
Floor Covering Laminated, ceramic and carpet
Environmental Study No
Condition of Roof Completely renovated in 2008, in very good condition
Siding Brick and/or metal
Condition of Balconies Wood / metal
Condition of Doors Changed (10 per year) as needed
Condition of Windows Changed (20 per year) as needed
Type of Parking Exterior
Intercom and Bell Yes
Fire System Yes
Janitor Agreement Yes, on site, no contract

Construction

Year Built 1973 to 1978
Building Type Detached
Construction Type Brick , wood and metal
Number of Stories 3
Other Informations

Building type

Number of Units 21x5.5 + 59x4.5 + 70x3.5 +18 studios
Number of Parkings Approx. 170 places
Responsability of Heating Owner
Responsability of Hot water Owner
Responsability of Appliances Owner for the 3.5 and studios
Washer /Dryer Installation Yes, in each unit of 4.5 and 5.5
Laundry Yes
Other Informations

Significant capital expenditures since 10 years

  • Renovation of 5 units per year
  • Brick renovation in 2015 for 5 buildings
  • 15 units renovated or refreshed per year. (paint, counters, floors)

Other informations

See listing broker regarding the annex for the cadastral numbers

111 comeau parking lot will need to be repaved in the coming years
The 187 Regnault # 55 is the only 4 1/2 that has no washer/dryer entry.

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

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

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