Vanessa Calero
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Located on the famous Gouin artery, this building offers a strategic investment of 8 units, including 4 x 4 ½ and 4 x 3 ½. Being a few minutes' drive from Fairview shopping center and Highway 40, all units are rented, the building is very well maintained, and there is a possibility to rent two additional parking spaces. Energy costs are the responsibility of the tenants.
Well-maintained building in a quiet residential area with high rental demand
Potential to optimize profitability
Some units were renovated in 2022
Some units have new flooring and a renovated bathroom
This sale is made without legal warranty of quality, at the buyer's risk.
A surveillance camera system is in place and functional
Contract with Hydro-Solution available during due diligence
| Cadastral number | 1 844 162 |
| Total Municipal Assessment | 1 519 500 $ |
| Municipal Land Assessment | 298 700 $ |
| Municipal Building Assessment | 1 220 800 |
| Number of Storeys | 2 |
| Type of Building | Semi-detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1987 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor at the back of the building |
| Number of Parking Spaces | 10 spaces and one additional shared with the neighbour |
| Land Surface Area | 6 555 sq.ft |
| Laundry Room | Non |
| Number of Units | 4 x 4 ½ + 4 x 3 ½ |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Owner/Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| One 3 ½ has a washer/dryer hookup. The other three do not have a dryer hookup. | |
| Internet and Telecom | N/A |
| Plumbing | CUP / ABS |
| Condition of Roof | Asphalt shingles (2020) |
| Condition of Doors | Original, functional |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Intercom |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks (most rented) |
| Condition of Windows | Original, functional |
| Condition of Kitchens | Some are renovated, good condition |
| Electrical Panels | Circuit Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Some are renovated, good condition |
| Environmental Report | Update to be done |
| Floor Covering | Vynil | Ceramic | Hardwood |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $90,312 | 100 % | $941 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $90,312 | $941 | |
| Vac. / Bad debt | $2,709 | 3 % | $28 |
| EGR | $87,603 | $913 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,942 | 4.5 % | $493 |
| Municipal Taxes | Current | $9,543 | 10.9 % | $1,193 |
| School Taxes | Current | $1,020 | 1.2 % | $128 |
| Insurance | Current | $5,427 | 6.2 % | $678 |
| Electricity | Current | $581 | 0.7 % | $73 |
| Heating | Current | |||
| Snow Removal | Current | $1,782 | 2 % | $223 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 2.3 % | $250 |
| Maintenance | Normalised | $5,600 | 6.4 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $876 | 1 % | $110 |
| Hydro Solution | Current | $996 | 1.1 % | $125 |
| Total expenses | $31,767 | 36.3 % | $3,971 | |
| Net Revenue | $55,835 | $6,979 |
| Maximum loan amount | $987,898 | $672,548 |
| Financing CAP | 4.80 % | 6.23 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.2 % | 4.5 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $55,835 | $55,835 |
| Annual Mortgage Cost | $53,918 | $44,668 |
| Net cash after mortgage | $1,918 | $11,167 |
| RETURN ON INVESTMENT | ||
| Down Payment | $687,102 | $1,002,452 |
| Cash on cash return | 0.3 % | 1.1 % |
| Return on liquidity + capitalization | 1.8 % | 2.6 % |
| Total yearly return with appreciation of 2 % | 6.67 % | 5.95 % |
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