Exceptional opportunity to acquire a 27-unit portfolio in Joliette: 21 residential units and 6 commercial spaces spread across 5 buildings. Offering a 5.5% return, major improvements, optimized rental value, and strong appeal to quality tenants. Energy costs are paid by the tenants, maximizing your profitability!
Portfolio of 5 buildings comprising 21 apartments (4 x 3.5, 12 x 4.5, 3 x 5.5, 2 x 7.5) and 6 commercial spaces ranging from 475 to 1948 sq. ft. with gross leases. Strict maintenance and major renovations carried out on various buildings, including roofing, doors, windows, plumbing, electrical work, hot water tanks, wall-mounted heat pump, and complete renovation of several units.
| Cadastral number | 2900833, 2900834, 2900836, 2900745, 2900746 |
| Land size | 20 226 SQ. Ft. |
| Number of Storeys | 3 |
| Type of Building | Attached |
| Type of Construction | Brick and wood |
| Foundation varies per building - Concrete | Stone | |
| Fire System | Varie par immeuble |
| Security System | Varies per building |
| Number of Parking Spaces | 8 | Street parking |
| Gross Area | To be verified |
| Leasable Surface Area | To be verified |
| Average Surface Area / Unit | To be verified |
| Plumbing | Varies per building | PEX, Copper, Plastic, Cast Iron |
| Condition of Roof | 2003-2024 - varies per building |
| Service Contract | No |
| Heating System | Varies per building: Electric, Hot Air, Wall mounted & Central heat pumps |
| Hot Water System | Independent water tanks |
| Electrical Panels | Circuit breakers (several were replaced - varies per buidling) |
| Exterior Siding | Varies per building |
| Environmental Report | 526-530 Manseau: Phase I-II - Rehabilitation report - Analysis Certificate |
| Condition of Doors/Windows | Varies per building - several replaced |
| yearly | $ / PI² | |
|---|---|---|
| Residential | $305,556 | $943 |
| Affordable res. | ||
| Commercial | $101,573 | $313 |
| Lockers | ||
| Parking | $1,068 | $3 |
| Laundry | ||
| Total revenues | $408,197 | $1,260 |
| Vac. / Bad debt | $10,809 | $33 |
| EGR | $397,388 | $1,227 |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $14,754 | 3.7 % | $546 |
| Management Fees | Current | $5,665 | 1.4 % | $210 |
| Municipal Taxes | Current | $41,878 | 10.5 % | $1,551 |
| School Taxes | Current | $1,701 | 0.4 % | $63 |
| Insurance | Estimated | $35,579 | 9 % | $1,318 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $1,933 | 0.5 % | $72 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $8,415 | 2.1 % | $312 |
| Maintenance | Normalised | $17,142 | 4.3 % | $635 |
| Appliances | Current | $3,313 | 0.8 % | $123 |
| WiFi | ||||
| Heat pump | ||||
| Total expenses | $130,381 | 32.8 % | $4,829 | |
| Net Revenue | $267,008 | $9,889 |
| Maximum loan amount | $4,505,000 |
| Financing CAP | 4.00 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 3.9 % |
| Amortization | 40 Years |
| Term | 5 Years |
| Net Revenue | $267,008 |
| Annual Mortgage Cost | $235,256 |
| Net cash after mortgage | $31,752 |
| RETURN ON INVESTMENT | |
| Down Payment | $795,000 |
| Cash on cash return | 4.0 % |
| Return on liquidity + capitalization | 10.4 % |
| Total yearly return with appreciation of 2 % | 23.75 % |
| Land Municipal Assessment | 139 800 $ |
| Building Municipal Assessment | 285 900 $ |
| Total Municipal Assessment | 425 700 $ |
| Land Municipal Assessment | 117 300 $ |
| Building Municipal Assessment | 719 100 $ |
| Total Municipal Assessment | 836 400 $ |
| Land Municipal Assessment | 84 800 $ |
| Building Municipal Assessment | 216 800 $ |
| Total Municipal Assessment | 301 600 $ |
| Land Municipal Assessment | 191 600$ |
| Building Municipal Assessment | 541 100$ |
| Total Municipal Assessment | 732 700 $ |
| Land Municipal Assessment | 123 700 $ |
| Building Municipal Assessment | 127 100 $ |
| Total Municipal Assessment | 250 800 $ |
56 - 62 Lajoie Nord, Joliette 
532 Manseau, Joliette 
534-536 Manseau, Joliette 
538 - 550 Manseau, Joliette 
526-530 Manseau, Joliette