Discover this magnificent 8-unit building constructed in 2021, consisting of 2 x 6½ and 6 x 5½ with generous and well-appointed spaces. Its quality construction of brick, wood, and concrete offers modern units with quartz countertops, heat pumps, two bathrooms per unit, and ample parking. Energy costs are entirely the responsibility of the tenants. A turnkey investment located in a sought-after area of Fleurimont, close to all services!
Large lot of 15,399 sq ft located on high ground in Fleurimont. Only 6 km from the CHUS, very close to Highway 610 and the Julien-Ducharme Sports Complex. Each unit is equipped with an independent washer-dryer hookup and two full bathrooms, offering comfort sought after by tenants. Each unit has an independent storage space.
N/A | Construction 2021
Wiring for electric charging stations has been installed. Lease agreements: Internet with Bell and service contract with Landry Télécom. The sale is made with legal warranty of quality and title.
| Cadastral number | 6 317 808 |
| Total Municipal Assessment | 1 802 000 $ |
| Municipal Land Assessment | 228 600 $ |
| Municipal Building Assessment | 1 573 400 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick, wood, and concrete |
| Year of Construction | 2021 |
| Fire System | Smoke detectors |
| Type of Parking | Outdoor asphalt |
| Number of Parking Spaces | 19 parking spaces |
| Land Surface Area | 15,399 sq ft |
| Laundry Room | No |
| Number of Rooms | 42 |
| Number of Units | 2 x 6.5, 6 x 5.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Yes, in the back |
| Internet and Telecom | Internet with Bell and Landry Télécom |
| Plumbing | Copper, ABS |
| Condition of Roof | Asphalt shingles |
| Condition of Doors | New |
| Condition of Balconies | New | Concrete |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Doorbells with independent entrances |
| Heating System | Electric baseboards and heat pumps |
| Hot Water System | Independent tanks - 60 gal |
| Condition of Windows | New |
| Condition of Kitchens | New | Quartz countertops |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | New | Quartz countertops, 2 per unit |
| Environmental Report | Yes |
| Floor Covering | Heated floor on the ground floor |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $168,120 | 100 % | $1,751 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $168,120 | $1,751 | |
| Vac. / Bad debt | $5,044 | 3 % | $53 |
| EGR | $163,076 | $1,699 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $7,338 | 4.5 % | $917 |
| Municipal Taxes | Current | $18,707 | 11.5 % | $2,338 |
| School Taxes | Current | $1,264 | 0.8 % | $158 |
| Insurance | Current | $5,441 | 3.3 % | $680 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 1.2 % | $250 |
| Maintenance | Normalised | $5,600 | 3.4 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,631 | 1 % | $204 |
| Internet | Current | $1,241 | 0.8 % | $155 |
| Total expenses | $43,222 | 26.5 % | $5,403 | |
| Net Revenue | $119,854 | $14,982 |
| Maximum loan amount | $1,768,726 | $2,090,312 | $1,408,089 |
| Financing CAP | 5.76 % | 4.87 % | 6.38 % |
| Debt coverage ratio | 1.3 | 1.1 | 1.25 |
| Interest Rate | 4.3 % | 4.3 % | 4.75 % |
| Amortization | 40 Years | 40 Years | 25 Years |
| Term | 5 Years | 5 Years | 5 Years |
| Net Revenue | $119,854 | $119,854 | $119,854 |
| Annual Mortgage Cost | $97,320 | $115,003 | $95,883 |
| Net cash after mortgage | $22,535 | $4,851 | $23,971 |
| RETURN ON INVESTMENT | |||
| Down Payment | $1,030,274 | $708,688 | $1,390,911 |
| Cash on cash return | 2.2 % | 0.7 % | 1.7 % |
| Return on liquidity + capitalization | 3.9 % | 3.7 % | 3.9 % |
| Total yearly return with appreciation of 2 % | 9.38 % | 11.6 % | 7.93 % |
To see the detailed rent rolls of this building, you need to be connected.