Ideal opportunity for an investor seeking a building generating excellent revenue in the Trois-Rivières area. The building is located in downtown Trois-Rivières and is close to several amenities. It has 5 generously sized units: one 7½ (on two levels), two 3½ units, and two 4½ units.
Located right in the heart of downtown Trois-Rivières
Units fully renovated in 2022
All units were completely refurbished in 2022 (floors, walls, ceilings, electrical, plumbing, kitchen, bathroom, front and back doors replaced, balconies) — excluding windows.
The sale is made without legal warranty of quality, at the buyer's own risk.
| Cadastral number | 1 208 981 |
| Total Municipal Assessment | 652 600 $ |
| Municipal Land Assessment | 52 000 $ |
| Municipal Building Assessment | 600 600 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1929 |
| Fire System | no |
| Type of Parking | Exterior |
| Number of Parking Spaces | 3 |
| Land Surface Area | 4 145 p.c. |
| Laundry Room | N/A |
| Number of Units | 2X3,5+2X4,5+1X6,5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Plumbing | ABS |
| Condition of Roof | To be verified |
| Condition of Doors | To be verified |
| Condition of Balconies | Wood |
| Concierge Agreement | No |
| Intercom and Doorbell | no |
| Heating System | Electric Baseboards |
| Hot Water System | Independent |
| Condition of Windows | To be verified |
| Condition of Kitchens | Good condition, renovated (2022) |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and wood |
| Condition of Bathrooms | Good condition, renovated (2022) |
| Environmental Report | N/A |
| Floor Covering | Floating, ceramic bathroom |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $66,660 | 100 % | $1,111 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $66,660 | $1,111 | |
| Vac. / Bad debt | $2,000 | 3 % | $33 |
| EGR | $64,660 | $1,078 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $2,910 | 4.5 % | $582 |
| Municipal Taxes | Current | $6,315 | 9.8 % | $1,263 |
| School Taxes | Current | $376 | 0.6 % | $75 |
| Insurance | Current | $3,947 | 6.1 % | $789 |
| Electricity | ||||
| Heating | Current | |||
| Snow Removal | ||||
| Elevator | Current | |||
| Lawn | Current | |||
| Structural reserve | ||||
| Janitor | Normalised | $1,250 | 1.9 % | $250 |
| Maintenance | Normalised | $3,500 | 5.4 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $647 | 1 % | $129 |
| Pelouse | Current | $379 | 0.6 % | $76 |
| Réservoirs Hydro Solution | Current | $970 | 1.5 % | $194 |
| Total expenses | $20,293 | 31.4 % | $4,059 | |
| Net Revenue | $44,367 | $8,873 |
| Maximum loan amount | $640,359 | $581,250 |
| Financing CAP | 5.89 % | 5.44 % |
| Debt coverage ratio | 1.1 | 1.15 |
| Interest Rate | 5.7 % | 4.0 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $44,367 | $44,367 |
| Annual Mortgage Cost | $42,841 | $36,690 |
| Net cash after mortgage | $1,526 | $7,677 |
| RETURN ON INVESTMENT | ||
| Down Payment | $134,641 | $193,750 |
| Cash on cash return | 1.1 % | 4.0 % |
| Return on liquidity + capitalization | 4.6 % | 11.1 % |
| Total yearly return with appreciation | of 5 % 33.36 % | of 2 % 19.13 % |
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