A beautiful 10-unit apartment building representing an opportunity to acquire a real estate asset in an established neighborhood of Trois-Rivières. Offering features sought after by investors, this property is an attractive addition to a portfolio focused on long-term sustainability.
Established neighborhood
Dynamic rental market
Close to amenities
The sale is made without any legal warranty of quality, at the buyer's own risk.
The seller wants to prioritize a simultaneous sale with the 958 Nérée-Duplessis.
| Cadastral number | 1 208 965 |
| Total Municipal Assessment | 65 600 $ |
| Municipal Land Assessment | 775 600 $ |
| Municipal Building Assessment | 710 000 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and Wood |
| Year of Construction | 1945 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | On the street |
| Land Surface Area | 5 233 sq.ft |
| Laundry Room | Yes, for the 6 first units from the bottom |
| Number of Rooms | 30 |
| Number of Units | 10 units |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Yes |
| Internet and Telecom | Non |
| Plumbing | Copper, PEX, ABS |
| Condition of Roof | Good condition |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | To be verified |
| Intercom and Doorbell | No |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition |
| Environmental Report | Update to be done |
| Floor Covering | Mixed |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $82,884 | 100 % | $691 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $82,884 | $691 | |
| Vac. / Bad debt | $2,487 | 3 % | $21 |
| EGR | $80,397 | $670 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,618 | 4.5 % | $362 |
| Municipal Taxes | Current | $11,417 | 14.2 % | $1,142 |
| School Taxes | Current | $538 | 0.7 % | $54 |
| Insurance | Estimated | $4,581 | 5.7 % | $458 |
| Electricity | Current | $2,680 | 3.3 % | $268 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,500 | 3.1 % | $250 |
| Maintenance | Normalised | $7,000 | 8.7 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $804 | 1 % | $80 |
| Total expenses | $33,138 | 41.2 % | $3,314 | |
| Net Revenue | $47,260 | $4,726 |
| Maximum loan amount | $900,771 | $592,968 |
| Financing CAP | 4.98 % | 5.98 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.0 % | 4.5 % |
| Amortization | 45 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $47,260 | $47,260 |
| Annual Mortgage Cost | $45,492 | $39,383 |
| Net cash after mortgage | $1,767 | $7,877 |
| RETURN ON INVESTMENT | ||
| Down Payment | $614,229 | $922,032 |
| Cash on cash return | 0.3 % | 0.9 % |
| Return on liquidity + capitalization | 1.6 % | 2.3 % |
| Total yearly return with appreciation | of 3.2 % 9.45 % | of 2 % 5.57 % |
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