Building of 5 units spread over 3 floors, comprising 1 x 7.5 + 2 x 4.5 + 2 x 3.5, including 2 vacant units ready to be rented or available for immediate occupancy. Ideally located in the heart of Hochelaga-Maisonneuve, near the Viau metro station, the Olympic Stadium and the Montréal Botanical Garden. The spacious ground-floor 7.5 unit provides direct access to the garage and a large backyard. Meticulously maintained over the years, the building and its units have benefited from numerous renovations and improvements. All energy costs are paid by the tenants. A rare opportunity for an investor seeking to maximize rental income or an owner-occupant looking for a spacious unit.
Bus stops for routes 34 Sainte-Catherine and 125 Ontario just steps away.
Close to Promenade Ontario and its shops, cafés, restaurants, and terraces.
Quick access to the Olympic Stadium, Botanical Garden, and Biodome.
Easy access to downtown via the Green Line and major roadways.
Replacement of the doors and windows on the front façade in 2020.
Reinforcement of the rear balconies.
Painting of the front staircase, as well as the fascias and soffits of the front balconies.
Replacement of the roof with a white TPO membrane.
Repair of the exterior stucco.
The sale is made without any legal warranty of quality, at the buyer's own risk.
| Cadastral number | 1363127 |
| Total Municipal Assessment | $ 1 100 300 |
| Municipal Land Assessment | $ 318 900 |
| Municipal Building Assessment | $ 781 400 |
| Number of Storeys | 3 |
| Type of Building | In a row |
| Type of Construction | Brick and wood |
| Year of Construction | 1922 |
| Fire System | Smoke detectors |
| Type of Parking | Interior and exterior |
| Number of Parking Spaces | 1 Garage + 1 Places |
| Land Surface Area | 2 985 sq. ft. |
| Laundry Room | No |
| Number of Rooms | To be verified |
| Number of Units | 1 x 7.5 + 2 x 4.5 + 2 x 3.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Yes, backyard |
| Internet and Telecom | Yes |
| Plumbing | Copper, ABS, and PEX |
| Condition of Roof | TPO Membrane | 11 to 12 years |
| Condition of Doors | Good condition | Front doors replaced |
| Condition of Balconies | Good condition | Front: Fiberglass - Back: Wood |
| Concierge Agreement | Non |
| Intercom and Doorbell | Doorbell |
| Heating System | Electrical baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition | Front: 2020 - Back: approx. 20 years old |
| Condition of Kitchens | Good condition | Kitchens removed from the two vacant units |
| Electrical Panels | Circuit breakers | 100 AMP |
| Exterior Siding | Brick |
| Distance from fire station and hydrant | To be verified |
| Condition of Bathrooms | Good to average condition |
| Environmental Report | No |
| Floor Covering | Hardwood and Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $82,440 | 100 % | $1,374 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $82,440 | $1,374 | |
| Vac. / Bad debt | $2,473 | 3 % | $41 |
| EGR | $79,967 | $1,333 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,599 | 4.5 % | $720 |
| Municipal Taxes | Current | $7,150 | 8.9 % | $1,430 |
| School Taxes | Current | $817 | 1 % | $163 |
| Insurance | Current | $4,454 | 5.6 % | $891 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,250 | 1.6 % | $250 |
| Maintenance | Normalised | $3,500 | 4.4 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $800 | 1 % | $160 |
| Total expenses | $21,569 | 27.0 % | $4,314 | |
| Net Revenue | $58,398 | $11,680 |
| Maximum loan amount | $839,266 | $1,018,481 | $1,062,008 | $1,097,195 |
| Financing CAP | 5.22 % | 4.87 % | 5.22 % | 5.06 % |
| Debt coverage ratio | 1.15 | 1.1 | 1.1 | 1.1 |
| Interest Rate | 4.5 % | 4.3 % | 4.3 % | 4.3 % |
| Amortization | 30 Years | 40 Years | 45 Years | 50 Years |
| Term | 5 Years | 5 Years | 5 Years | 5 Years |
| Net Revenue | $58,398 | $58,398 | $58,398 | $58,398 |
| Annual Mortgage Cost | $50,781 | $56,366 | $56,163 | $55,875 |
| Net cash after mortgage | $7,617 | $2,031 | $2,235 | $2,523 |
| RETURN ON INVESTMENT | ||||
| Down Payment | $534,734 | $355,519 | $311,992 | $276,805 |
| Cash on cash return | 1.4 % | 0.6 % | 0.7 % | 0.9 % |
| Return on liquidity + capitalization | 4.0 % | 3.5 % | 3.4 % | 3.4 % |
| Total yearly return with appreciation of 2 % | 9.11 % | 11.25 % | 12.23 % | 13.29 % |
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