Semi-commercial building located in the heart of Granby! The building includes 5 residential units and 1 commercial space, with 10 parking spaces. Several improvements have been made, including the roof in 2022, the construction of 3 lofts and renovation of the units, and more! Large lot of 12,261 sq ft also offering optimization potential to be validated with the City. Ideally located near services, shops, and major roads.
Professional appraisal 2026 at $1,030,000!
Location in the heart of Granby, with frontage on Saint-Georges and Saint-Jacques streets.
Area offering good appreciation potential, strong rental demand for both residential and commercial.
Non-smoking building, no dogs.
Construction of 3 new lofts in 2016, and other apartments renovated over the years
Corridor and stair carpets changed: 2022
Building roof redone with asphalt shingles in 2022
The 5 water heaters were changed between 2017 and 2026
Parking lot sealing and line painting in 2026
Wi-Fi included for 5 units. Internet for the commercial space is the tenant's responsibility.
Zoning allows for the addition of units to this building
Commercial space: bailiff's office, same very stable tenant for over 15 years
The sale is made without legal warranty of quality, at the buyer's risk.
| Cadastral number | 1 010 398 |
| Total Municipal Assessment | $614,000 |
| Municipal Land Assessment | $227,800 |
| Municipal Building Assessment | $386,200 |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1947 and 1980 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 10 spaces |
| Land Surface Area | 12,261 sq ft |
| Laundry Room | Yes, for 4 units |
| Number of Rooms | 14 |
| Number of Units | 1 x 4.5 + 2 x 3.5 + 2 x 2.5 + 1 x comm. |
| Washer/Dryer Inlet | Yes for the 4.5 |
| Appliance Responsibility | Tenants/Landlord (6) |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Partially |
| Internet and Telecom | Internet |
| Plumbing | ABS / PEX / Copper |
| Condition of Roof | Asphalt shingles: 2022 |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Independent entrance for 1 unit, doorbells for the others. |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks: 2017-2026 |
| Condition of Windows | Good condition |
| Condition of Kitchens | Construction of 3 new lofts in 2016, Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and aluminum siding |
| Distance from fire station and hydrant | Nearby |
| Condition of Bathrooms | Construction of 3 new lofts in 2016, Good condition |
| Environmental Report | Phase I: 2026 Phase 2: In progress |
| Floor Covering | Ceramic, floating floor, carpet, vinyl |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $55,332 | 81 % | $769 |
| Affordable res. | |||
| Commercial | $13,020 | 19 % | $181 |
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $68,352 | $949 | |
| Vac. / Bad debt | $2,051 | 3 % | $28 |
| EGR | $66,301 | $921 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $2,984 | 4.5 % | $497 |
| Municipal Taxes | Current | $8,180 | 12.3 % | $1,363 |
| School Taxes | Current | $396 | 0.6 % | $66 |
| Insurance | Current | $4,310 | 6.5 % | $718 |
| Electricity | Current | $1,026 | 1.5 % | $171 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 2.3 % | $250 |
| Maintenance | Normalised | $4,200 | 6.3 % | $700 |
| Appliances | Current | $360 | 0.5 % | $60 |
| WiFi | Current | $2,025 | 3.1 % | $338 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $663 | 1 % | $111 |
| Total expenses | $25,644 | 38.7 % | $4,274 | |
| Net Revenue | $40,658 | $6,776 |
| Maximum loan amount | $689,237 | $466,041 |
| Financing CAP | 5.01 % | 6.54 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.5 % | 5.0 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $40,658 | $40,658 |
| Annual Mortgage Cost | $39,265 | $32,526 |
| Net cash after mortgage | $1,393 | $8,132 |
| RETURN ON INVESTMENT | ||
| Down Payment | $309,763 | $532,959 |
| Cash on cash return | 0.4 % | 1.5 % |
| Return on liquidity + capitalization | 2.6 % | 3.3 % |
| Total yearly return with appreciation of 2 % | 9.08 % | 7.09 % |
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