6-unit building featuring spacious 2-bedroom apartments of approximately 1,040 sq. ft. Quality construction includes concrete floors on all levels, full-depth cellulose soundproofing in ceilings, a steel roof, and hardwood and ceramic flooring. Each unit comes with a large indoor basement storage area, a Marathon water heater with a lifetime warranty, and a parking space. Additional revenue is generated from locker rentals.
Six spacious 2-bedroom units, approximately 1,040 sq. ft. each.
Quality construction featuring concrete floors on all levels and a steel roof.
Ceilings soundproofed with full-thickness cellulose insulation.
Includes an indoor storage locker, a Marathon water heater with a lifetime warranty, and parking for each unit.
The sale is made without legal warranty, at the Buyer's risk and peril.
| Cadastral number | 3 937 854 |
| Total Municipal Assessment | 878 600 $ |
| Municipal Land Assessment | 280 600 $ |
| Municipal Building Assessment | 598 000 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick, wood and concrete |
| Year of Construction | 2006 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 9 |
| Land Surface Area | 10 979 sq. ft. |
| Laundry Room | N/A |
| Number of Rooms | 24 |
| Number of Units | 6 x 4.5 |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Ceilings soundproofed with blown cellulose throughout the thickness | |
| Fenced | No |
| Internet and Telecom | N/A |
| Plumbing | Copper, ABS, PEX |
| Condition of Roof | Good condition - Steel |
| Condition of Doors | Good condition - 2006 |
| Condition of Balconies | Concrete |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Independent entrances with doorbells |
| Heating System | Electric baseboards |
| Hot Water System | Lifetime guaranteed Marathon water heater installed in the basement |
| Condition of Windows | Good condition - 2006 |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and vinyl |
| Condition of Bathrooms | Good condition |
| Environmental Report | N/A |
| Floor Covering | Hardwood and ceramic laid on a concrete floor |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $66,600 | 87.8 % | $925 |
| Affordable res. | |||
| Commercial | |||
| Lockers | $9,240 | 12.2 % | $128 |
| Parking | |||
| Laundry | |||
| Total revenues | $75,840 | $1,053 | |
| Vac. / Bad debt | $2,275 | 3 % | $32 |
| EGR | $73,565 | $1,022 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,310 | 4.5 % | $552 |
| Municipal Taxes | Current | $10,058 | 13.7 % | $1,676 |
| School Taxes | Current | $625 | 0.8 % | $104 |
| Insurance | Current | $1,635 | 2.2 % | $273 |
| Electricity | Current | $555 | 0.8 % | $93 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 2 % | $250 |
| Maintenance | Normalised | $4,200 | 5.7 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $736 | 1 % | $123 |
| Total expenses | $22,619 | 30.7 % | $3,770 | |
| Net Revenue | $50,946 | $8,491 |
| Maximum loan amount | $894,915 | $604,508 |
| Financing CAP | 4.84 % | 6.32 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.25 % | 4.65 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $50,946 | $50,946 |
| Annual Mortgage Cost | $49,186 | $40,757 |
| Net cash after mortgage | $1,760 | $10,189 |
| RETURN ON INVESTMENT | ||
| Down Payment | $345,085 | $635,492 |
| Cash on cash return | 0.5 % | 1.6 % |
| Return on liquidity + capitalization | 3.2 % | 3.7 % |
| Total yearly return with appreciation of 2 % | 10.4 % | 7.58 % |
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