Complete Listing

88 - 104 Gillespie, Sherbrooke

1 150 000 $ Price
Cost per Unit (CPU)	96 000 $
Gross Revenue Multiplicator (GRM)	11.6
Net Revenue Multiplicator (NRM)	21.3
Capitalization Rate (CAP)	4.7 %

In the heart of Sherbrooke, two buildings totalling 12 units located in front of the primary school and a few minutes from the courthouse. There are 2 apartments on two floors redone and 5 renovated units. Optimization is still possible in the back of the building. Professional evaluation report demonstrating value. Take this great opportunity!

Cartography

Map

Property description

General information

Cadastre	1 030 529
Lot Area

Municipal Assessment - Lot	85 700 $
Municipal Assessment - Building	297 700 $
Municipal Assessment - Total	383 400 $

General information

Cadastre	1 030 529
Lot Area
Municipal Assessment - Lot	85 700 $
Municipal Assessment - Building	297 700 $
Municipal Assessment - Total	383 400 $

Features

Heating System	Electric baseboards
Hot Water System	Central tank
Electrical Pannels	Breakers
Plumbing	Copper, ABS and Fonte
Condition of Kitchens	Good condition
Condition of Bathrooms	Good condition
Floor Covering	Laminated and ceramic
Environmental Study	No
Condition of Roof	Good condition
Siding	Brick
Condition of Balconies	Wood
Condition of Doors	5 years, some renovated
Condition of Windows	5 years, some renovated
Type of Parking	Exterior
Intercom and Bell	No
Fire System	No
Janitor Agreement	No

Construction

Year Built	To be verified
Building Type	Detached
Construction Type	Brick and wood
Number of Stories	3
Other Informations

Building type

Number of Units	1x7.5 + 1x6.5 + 4x4.5 + 3x3.5 + 3x2.5
Number of Parkings	4 spots
Responsability of Heating	Owner for 8 units
Responsability of Hot water	Owner for 8 units
Responsability of Appliances	Owner for 4 units
Washer /Dryer Installation	To be verified
Laundry	To be verified
Other Informations

Significant capital expenditures since 10 years

2 units have been redone to new
5 units renovated

Other informations

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

Take note that in the assessment role the number of units is 8 units + 7 rooms. However, there are currently 12 units in the building.

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	98 760 $	100 %	686 $
Commercial Revenues	$	0 %	0 $
Parking Revenues	$	0 %	0 $
Laundry Revenues	$	0 %	0 $
Storage Revenues	$	0 %	0 $
Total Revenues	98 760 $

Expenses			% / GR	CPU
Vacancy/Bad Debt	4 938 $	\| CMHC	5.0 %	412 $
Administration	4 691 $	\| CMHC	4.8 %	391 $
Municipal taxes	7 477 $	\| Actual	7.6 %	623 $
School taxes	532 $	\| Actual	0.5 %	44 $
Insurance	3 338 $	\| Actual	3.4 %	278 $
Electricity	11 577 $	\| Actual	11.7 %	965 $
Heating	$	\| Actual	0.0 %	0 $
Snow Removal	500 $	\| Actual	0.5 %	42 $
Elevator	$	\| Actual	0.0 %	0 $
Equipment rental	$	\| Actual	0.0 %	0 $
Maintenance Reserve	6 000 $	\| CMHC	6.1 %	500 $
Wages / janitor	3 600 $	\| CMHC	3.6 %	300 $
Furniture reserve	400 $	\| Actual	0.4 %	33 $
Other Expenses	1 779 $		1.8 %	148 $
Total expenses	44 832 $	45.4 %		3 736 $
Net income	53 928 $

Revenues

Residential Revenues	98 760 $	100 %
Commercial Revenues	$	0 %
Parking Revenues	$	0 %
Laundry Revenues	$	0 %
Storage Revenues	$	0 %
Total Revenues	98 760 $

Expenses

Vacancy/Bad Debt	4 938 $	\| CMHC	5.0 %
Administration	4 691 $	\| CMHC	4.8 %
Municipal Taxes	7 477 $	\| Actual	7.6 %
School Taxes	532 $	\| Actual	0.5 %
Insurance	3 338 $	\| Actual	3.4 %
Electricity	11 577 $	\| Actual	11.7 %
Heating	$	\| Actual	0.0 %
Snow Removal	500 $	\| Actual	0.5 %
Elevator	$	\| Actual	0.0 %
Equipment rental	$	\| Actual	0.0 %
Maintenance Reserve	6 000 $	\| CMHC	6.1 %
Wages / janitor	3 600 $	\| CMHC	3.6 %
Furniture reserve	400 $	\| Actual	0.4 %
Other Expenses	1 779 $	\| Actual	1.8 %
Total expenses	44 832 $		45.4 %
Net income	53 928 $

Financing	Conventional	CHMC	Assumption
Maximum loan amount	731 000 $	836 000 $
Financing cap. rate	5.53 %	5.48 %
Debt coverage ratio	1.25	1.30
Interest rate	3.40 %	2.90 %
Amortization	25 years	30 years
Term	5 years	5 years
Cash flow	Conventional	CHMC	Assumption
Listing net revenue	53 928 $	53 928 $
Annual Mortgage Cost	43 334 $	43 641 $
Net Cash after Mortgage	10 593 $	10 286 $
Return on investment at asking price
Cash down payment	419 000 $	314 000 $
Cash on cash	2.5 %	3.3 %
Cash + principal	7.1 %	9.2 %

Financing
Conv.	SCHL	Assumation
Maximum loan amount
731 000 $	836 000 $
Financing cap. rate
5.53 %	5.48 %
Debt coverage ratio
1.25	1.30
Interest rate
3.40 %	2.90 %
Amortization
25 years	30 years
Term
5 years	5 years
Cash flow
Conv.	SCHL	Assumation
Net revenue
53 928 $	53 928 $	53 928 $
Annual Mortgage Cost

Net Cash after Mortgage
10 593 $	10 286 $
Return on investment
Cash down payment
419 000 $	314 000 $
Cash on cash
2.5 %	3.3 %
Cash + principal
7.1 %	9.2 %
IRR with 2% market appreciation
12.5 %	16.5 %

Rent roll

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Complete Listing

88 - 104 Gillespie, Sherbrooke

Cartography

Property description

General information

General information

Features

Construction

Building type

Significant capital expenditures since 10 years

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