Superb 6-unit building featuring spacious 2-bedroom apartments with open-concept living areas. Solid construction with concrete floors, a steel roof, superior soundproofing (cellulose insulation), and hardwood and ceramic finishes. Each unit includes an indoor storage locker, a Marathon water heater with a lifetime warranty, and a parking space. Additional revenue is generated by renting out storage spaces.
6 spacious open-concept units with additional revenue from storage lockers.
Durable concrete construction with a steel roof.
Hardwood and ceramic flooring; excellent soundproofing.
Each unit includes a basement storage locker.
Marathon water heater with a lifetime warranty.
The sale is made without legal warranty, at the Buyer's risk and peril.
| Cadastral number | 3 589 796 |
| Total Municipal Assessment | 884 400 $ |
| Municipal Land Assessment | 289 400 $ |
| Municipal Building Assessment | 595 000 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick, wood and concrete |
| Year of Construction | 2007 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor / Asphalt |
| Number of Parking Spaces | 9 |
| Land Surface Area | 14 141 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 |
| Soundproofed ceilings with full-thickness cellulose | |
| Fenced | N/A |
| Internet and Telecom | N/A |
| Plumbing | Copper, ABS, PEX |
| Condition of Roof | Good condition - Steel |
| Condition of Doors | Good condition - 2007 |
| Condition of Balconies | Concrete |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Independent entrances |
| Heating System | Electric baseboards |
| Hot Water System | Lifetime-warranty Marathon water heater installed in the basement |
| Condition of Windows | Good condition - 2007 |
| 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 flooring installed over a concrete subfloor. |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $66,252 | 89.8 % | $920 |
| Affordable res. | |||
| Commercial | |||
| Lockers | $7,560 | 10.2 % | $105 |
| Parking | |||
| Laundry | |||
| Total revenues | $73,812 | $1,025 | |
| Vac. / Bad debt | $2,214 | 3 % | $31 |
| EGR | $71,598 | $994 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,222 | 4.5 % | $537 |
| Municipal Taxes | Current | $10,107 | 14.1 % | $1,685 |
| School Taxes | Current | $629 | 0.9 % | $105 |
| Insurance | Current | $1,633 | 2.3 % | $272 |
| Electricity | Current | $575 | 0.8 % | $96 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 2.1 % | $250 |
| Maintenance | Normalised | $4,200 | 5.9 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $716 | 1 % | $119 |
| Total expenses | $22,582 | 31.5 % | $3,764 | |
| Net Revenue | $49,016 | $8,169 |
| Maximum loan amount | $861,013 | $581,608 |
| 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 | $49,016 | $49,016 |
| Annual Mortgage Cost | $47,325 | $39,213 |
| Net cash after mortgage | $1,691 | $9,803 |
| RETURN ON INVESTMENT | ||
| Down Payment | $378,987 | $658,392 |
| Cash on cash return | 0.4 % | 1.5 % |
| Return on liquidity + capitalization | 2.8 % | 3.4 % |
| Total yearly return with appreciation of 2 % | 9.36 % | 7.18 % |
To see the detailed rent rolls of this building, you need to be connected.