Row building consisting of 5 residential units: 1 four-and-a-half (4½) unit and 4 three-and-a-half (3½) units, as well as a garage. The units are of good quality, with some having been renovated, while others offer attractive optimization potential. Located in the heart of Ville-Marie, the property benefits from a strategic, high-demand location, just steps from Papineau metro station and close to major thoroughfares such as Papineau Avenue, René-Lévesque Boulevard, and the Jacques-Cartier Bridge. All energy costs are paid by the tenants, contributing to strong net income and providing long-term optimization potential
Strategic location near Papineau metro station, numerous shops (grocery stores, restaurants), and major roadways.
One unit was fully renovated in 2024. The balconies were replaced with fiberglass structures in 2018. The doors and windows of the renovated unit were also replaced.
Opportunity to acquire the neighboring triplex (1233–1237 Cartier Street), bringing the total to 8 units.
The sale is made without any legal warranty of quality or ownership title.
| Cadastral number | 1 567 847 |
| Total Municipal Assessment | 1 239 000 $ |
| Municipal Land Assessment | 414 400 $ |
| Municipal Building Assessment | 824 600 $ |
| Number of Storeys | 3 |
| Type of Building | Attached (row) on more than one side |
| Type of Construction | Brick and wood |
| Year of Construction | 1909 |
| Fire System | Smoke detectors |
| Type of Parking | Interior |
| Number of Parking Spaces | 1 garage |
| Land Surface Area | 2,230 sq ft |
| Laundry Room | N/A |
| Number of Units | 1 x 4.5 + 4 x 3.5 |
| Washer/Dryer Inlet | Yes ,In each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | ABS and copper |
| Condition of Roof | Asphalt and gravel (2008) |
| Condition of Doors | Front doors replaced in one unit (2024) – original in the others |
| Condition of Balconies | Good condition, fiberglass (2018) |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Yes, doorbell |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Casement windows in good condition |
| Condition of Kitchens | Melamine cabinets: 1 renovated (2024) – the other 4 in good condition |
| Electrical Panels | Circuit breakers – 100 AMP |
| Exterior Siding | Brick and stone |
| Condition of Bathrooms | Melamine cabinets: 1 renovated (2024) – the other 4 in good condition |
| Environmental Report | N/A |
| Floor Covering | Hardwood and ceramic flooring |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $80,520 | 100 % | $1,342 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $80,520 | $1,342 | |
| Vac. / Bad debt | $2,416 | 3 % | $40 |
| EGR | $78,104 | $1,302 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,515 | 4.5 % | $703 |
| Municipal Taxes | ||||
| School Taxes | ||||
| Insurance | ||||
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,250 | 1.6 % | $250 |
| Maintenance | Normalised | $3,500 | 4.5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $781 | 1 % | $156 |
| Total expenses | $9,046 | 11.6 % | $1,809 | |
| Net Revenue | $69,059 | $13,812 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $930,950 | $875,234 |
| Financing CAP | 6.31 % | 5.92 % |
| Debt coverage ratio | 1.3 | 1.25 |
| Interest Rate | 4.0 % | 4.0 % |
| Amortization | 30 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $69,059 | $69,059 |
| Annual Mortgage Cost | $56,273 | $55,247 |
| Net cash after mortgage | $12,786 | $13,812 |
| RETURN ON INVESTMENT | ||
| Down Payment | $444,050 | $499,766 |
| Cash on cash return | 2.9 % | 2.8 % |
| Return on liquidity + capitalization | 6.8 % | 6.9 % |
| Total yearly return with appreciation of 2 % | 13.01 % | 12.45 % |
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