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. The large residential unit can be left vacant so you can renovate it. A garage on the vacant neighboring lot could be demolished to build a new apartment building.
Vacant commercial space
Possibility of occupying residential accommodation
Two separate lots - Possibility of building a triplex on one of the two lots
10,307 sq ft lot with several parking spaces
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
Garage currently vacant on neighboring lot
Possibility of demolition for construction of apartment building
Building located in spot zoning area specific to this address
| Cadastral number | 2 583 641 et 2 583 642 |
| Total Municipal Assessment | 832 033 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and Wood |
| Year of Construction | 1967 |
| Fire System | Smoke detectors |
| Type of Parking | Outside |
| Number of Parking Spaces | 16 Spaces |
| Land Surface Area | 10 301 sq.ft |
| Laundry Room | N/A |
| Number of Units | 1 Com. 3 Res. |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| 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 | $ / PI² | |
|---|---|---|
| Residential | $61,200 | $1,275 |
| Affordable res. | ||
| Commercial | $30,000 | $625 |
| Lockers | ||
| Parking | ||
| Laundry | ||
| Total revenues | $91,200 | $1,900 |
| Vac. / Bad debt | $2,736 | $57 |
| EGR | $88,464 | $1,843 |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Current | $3,760 | 4.3 % | $940 |
| Municipal Taxes | Current | $9,864 | 11.2 % | $2,466 |
| School Taxes | Current | $600 | 0.7 % | $150 |
| Insurance | Current | $4,807 | 5.4 % | $1,202 |
| Electricity | Current | $1,818 | 2.1 % | $454 |
| Heating | Current | $438 | 0.5 % | $109 |
| Snow Removal | Current | $1,500 | 1.7 % | $375 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Current | $860 | 1 % | $215 |
| Maintenance | Current | $2,440 | 2.8 % | $610 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $885 | 1 % | $221 |
| Total expenses | $26,971 | 30.5 % | $6,743 | |
| Net Revenue | $61,493 | $15,373 |
| conv | ||
|---|---|---|
| Maximum loan amount | $958,341 | $1,093,149 |
| Financing CAP | 5.02 % | 5.02 % |
| Debt coverage ratio | 1 | 1 |
| Interest Rate | 5.0 % | 4.0 % |
| Amortization | 25 Years | 30 Years |
| Term | 5 Years | 5 Years |
| conv | ||
|---|---|---|
| Net Revenue | $61,493 | $61,493 |
| Annual Mortgage Cost | $62,378 | $62,378 |
| Net cash after mortgage | -$885 | -$885 |
| RETURN ON INVESTMENT | ||
| Down Payment | $266,659 | $131,851 |
| Cash on cash return | -0.3 % | -0.7 % |
| Return on liquidity + capitalization | 7.9 % | 14.0 % |
| Return on liquidity + cap. + appreciation | 17.1 % | 32.6 % |
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