Semi-commercial quadruplex with great potential for an owner-occupant. There is one vacant commercial space and three residential units, including a very large 5 1/2. The commercial space is vacant and ready to welcome your business. Neighboring lot could be bought separately to accomodate the construction of a triplex.
Vacant commercial space
Possibility of occupying residential accommodation
Several parking spaces available
Complete renovation of the units in 2003
Replacement of all windows except those in the commercial space
Addition of a patio door and cellar entrance on the ground floor
Repair of the sidewalk and walkways
Complete redesign of the parking spaces
Building well maintained over the years
Ideal for commercial owner-occupiers or residential owner-occupiers
The building is in excellent condition.
An easement must be registered against the building and the balconies in the event that the buyer does not also purchase the adjacent lot.
This sale is made without any legal warranty of quality from the seller; the buyer does not waive the legal warranties provided by previous owners and received by the seller upon their acquisition of the building, which are hereby transferred to the buyer.
| Cadastral number | 2 583 642 |
| Total Municipal Assessment | 927 100 $ |
| Municipal Land Assessment | 341 500$ |
| Municipal Building Assessment | 585 600 $ |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1967 |
| Fire System | Smoke detector |
| Type of Parking | Outside |
| Number of Parking Spaces | To be verified |
| Land Surface Area | 5 188 sqft2 |
| Laundry Room | N/A |
| Number of Rooms | 13 |
| Number of Units | 1 Com. 3 Res. |
| Washer/Dryer Inlet | Yes each unit |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| The sale is made without legal warranty of quality to the risks and perils of the buyer. | |
| Plumbing | Abs / Pex |
| Condition of Roof | elastomeric membrane |
| Condition of Doors | Good |
| Condition of Balconies | Fiberglass |
| Concierge Agreement | No |
| Intercom and Doorbell | Doorbell |
| Heating System | Forced-air with central heat pump, electric baseboard, wall-mounted heat pump. |
| Hot Water System | Independant tanks |
| Condition of Windows | Swing windows |
| Condition of Kitchens | Good |
| Electrical Panels | Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good |
| Environmental Report | N/A |
| Floor Covering | Floating / Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $61,200 | 67.1 % | $1,275 |
| Affordable res. | |||
| Commercial | $30,000 | 32.9 % | $625 |
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $91,200 | $1,900 | |
| Vac. / Bad debt | $2,736 | 3 % | $57 |
| EGR | $88,464 | $1,843 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,981 | 4.5 % | $995 |
| Municipal Taxes | Current | $9,864 | 11.2 % | $2,466 |
| School Taxes | Current | $637 | 0.7 % | $159 |
| Insurance | Current | $4,807 | 5.4 % | $1,202 |
| Electricity | Current | $1,818 | 2.1 % | $455 |
| Heating | Current | $438 | 0.5 % | $110 |
| Snow Removal | Current | $1,500 | 1.7 % | $375 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,000 | 1.1 % | $250 |
| Maintenance | Normalised | $2,800 | 3.2 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $885 | 1 % | $221 |
| Total expenses | $27,730 | 31.3 % | $6,932 | |
| Net Revenue | $60,734 | $15,184 |
| conv | ||
|---|---|---|
| Maximum loan amount | $875,000 | $656,250 |
| Financing CAP | 7.11 % | 9.48 % |
| Debt coverage ratio | 1 | 1 |
| Interest Rate | 5.0 % | 5.0 % |
| Amortization | 25 Years | 25 Years |
| Term | 5 Years | 5 Years |
| conv | ||
|---|---|---|
| Net Revenue | $60,734 | $60,734 |
| Annual Mortgage Cost | $60,735 | $60,735 |
| Net cash after mortgage | -$0 | -$0 |
| RETURN ON INVESTMENT | ||
| Down Payment | $218,750 | |
| Cash on cash return | -1.0 % | -0.0 % |
| Return on liquidity + capitalization | -1.0 % | 13.2 % |
| Total yearly return with appreciation of 2 % | -1 % | 21.22 % |
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