A 6-unit building, recently constructed (2022), offering high-quality construction, durability, and peace of mind. It consists of six 4½-bedroom units, providing your tenants with spacious and comfortable living quarters. Each unit comes with two private parking spaces, outdoor storage, and a wall-mounted air conditioner. Ideally located, close to several essential daily amenities.
Ideal location for your tenants;
-5 minutes from Joliette Hospital
-1 minute from the grocery store
-10 minutes from the Cégep Régional de Lanaudière in Joliette
Construction 2022
-The sale is subject to the statutory warranty of quality and title.
-The buyer has the option to purchase the adjacent property, located at 1-11 L'Assomption E.
| Cadastral number | 6 474 995 |
| Total Municipal Assessment | 1 589 400$ |
| Municipal Land Assessment | 309 100$ |
| Municipal Building Assessment | 1 280 300$ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Low Rise |
| Year of Construction | 2022 |
| Built in 2022, this property features modern, contemporary amenities designed to meet today’s standards of comfort and quality. | |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 12 spaces |
| Land Surface Area | 10 396 sq. ft. |
| Laundry Room | No |
| Number of Rooms | 4.5 |
| Number of Units | 6 units |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Spacious, well-appointed, and bright apartments. Outdoor storage spaces for tenants. Ample parking. | |
| Fenced | No |
| Internet and Telecom | Not included |
| Plumbing | Abs and PEX |
| Condition of Roof | New | 2022 |
| Condition of Doors | New | 2022 |
| Condition of Balconies | New | 2022 |
| Concierge Agreement | Yes, without a written contract |
| Intercom and Doorbell | Doorbells |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | New | 2022 |
| Condition of Kitchens | New | 2022 |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick, Vinyl |
| Condition of Bathrooms | New | 2022 |
| Environmental Report | Update to be done |
| Floor Covering | Ceramics and floating floor |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $105,144 | 100 % | $1,460 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $105,144 | $1,460 | |
| Vac. / Bad debt | $3,154 | 3 % | $44 |
| EGR | $101,990 | $1,417 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,590 | 4.5 % | $765 |
| Municipal Taxes | Estimated | $11,382 | 11.2 % | $1,897 |
| School Taxes | Estimated | $990 | 1 % | $165 |
| Insurance | Estimated | $5,409 | 5.3 % | $902 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Estimated | $1,628 | 1.6 % | $271 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.5 % | $250 |
| Maintenance | Normalised | $4,200 | 4.1 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,020 | 1 % | $170 |
| Total expenses | $30,718 | 30.1 % | $5,120 | |
| Net Revenue | $71,271 | $11,879 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $1,149,333 | $783,741 |
| Financing CAP | 5.89 % | 6.82 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.86 % | 5.86 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $71,271 | $71,271 |
| Annual Mortgage Cost | $67,013 | $59,393 |
| Net cash after mortgage | $4,258 | $11,879 |
| RETURN ON INVESTMENT | ||
| Down Payment | $750,667 | $1,116,259 |
| Cash on cash return | 0.6 % | 1.1 % |
| Return on liquidity + capitalization | 1.9 % | 2.4 % |
| Total yearly return with appreciation of 2 % | 6.97 % | 5.76 % |
To see the detailed rent rolls of this building, you need to be connected.
