Complete Listing
550 Desmarchais, Longueuil
| Cost per Unit (CPU) |
131 000 $ |
|---|---|
| Gross Revenue Multiplicator (GRM) | 14.4 |
| Net Revenue Multiplicator (NRM) | 21.0 |
| Capitalization Rate (CAP) | 4.8 % |
BUILT IN 1984 FOR CONDOS. 32 units in Longueuil Est with 5x5.5 + 11x4.5 + 16x3.5. Large units up to 1300sf with a lot of light coming in. Lot of renovations: Roof 2009, new fire alarm system 2010, windows 2012 and more. Superior soundproofing with concrete floors and separating walls made of concrete blocks. Quality clientele and easy to manage. HAS TO BE SOLD WITH 541 PAUL (36 UNITS) WHICH IS NEXT TO IT
Cartography
Property description
Features
| Heating System | Electric baseboards |
|---|---|
| Hot Water System | Independant tanks |
| Electrical Pannels | Breakers |
| Plumbing | Copper |
| Condition of Kitchens | Very good condition |
| Condition of Bathrooms | Very good condition |
| Floor Covering | Floating floors and ceramic (concrete floor) |
| Environmental Study | Phase 1 october 2017 |
| Condition of Roof | Redone in 2009, elastomeric membrane |
| Siding | Bricks |
| Condition of Balconies | Wood and rampes steel |
| Condition of Doors | Replaced in 2012 |
| Condition of Windows | Replaced in 2012 |
| Type of Parking | Asphalt |
| Intercom and Bell | Intercom |
| Fire System | System changed in 2010 |
| Janitor Agreement | On site |
Construction
| Year Built | 1984 |
|---|---|
| Building Type | Detached |
| Construction Type | Brick and wood |
| Number of Stories | 3 |
| Other Informations |
Building type
| Number of Units | 5 x 5.5 + 11 x 4.5 + 16 x 3.5 |
|---|---|
| Number of Parkings | 32 spots |
| Responsability of Heating | Tenants |
| Responsability of Hot water | Tenants |
| Responsability of Appliances | Tenants |
| Washer /Dryer Installation | Yes, except 3 units 3.5 |
| Laundry | No |
| Other Informations |
Significant capital expenditures since 10 years
- Complete renovation of the roof in 2009 (elastomeric membrane)
- New fire alarm system 2010
- New PVC thermal windows and patio doors 2012.
- Repair of parking pavement 2016.
- Painting and lighting of common areas in 2015.
- Addition of washer and dryer entries in 12 x 3.5 between 2010-2017
Other informations
The building was built with a vocation of condominiums in 1984.
The floors are in concrete and the walls separating the units from the corridors are in concrete blocks (fireproof + superior soundproofing)
Very large units: the 5.5 are 1250-1300pc and the 4.5 are about 1000pc
Still a lot of potential
Sold without legal warranty of quality at buyer's own risks
HAS TO BE SOLD WITH 541 PAUL FOR A TOTAL OF 68 UNITS
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.
