Prestigious and welcoming rental building (50+ years old) built in 2022, in the heart of Lavaltrie. Spacious 4½ units, ranging from 1120 to 1268 sq ft. Heated floors, quartz countertops with a central island, rooftop terrace, indoor parking with electric vehicle charging station, elevator, air conditioning, generator, and security cameras. Close to all amenities: grocery stores, restaurants, clinics, and Highway 40. Stable investment and hassle-free management.
Modern building offering superior soundproofing with a concrete slab foundation. Units feature electric radiant floor heating and high-quality condo-style finishes. Bathroom with separate shower and bathtub.
Rooftop terrace with river views.
Backup generator for emergency lighting and elevator.
Ample storage space in each unit.
2022 Construction
The sale is made without any legal warranty of quality, at the buyer's own risk.
Favorable mortgage to take out. Approximately $8,500,000 at 4.10% until May 10, 2029.
High quality construction
| Cadastral number | 3 604 968 |
| Total Municipal Assessment | 6 357 100 $ |
| Municipal Land Assessment | 588 400 $ |
| Municipal Building Assessment | 5 768 700 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 2022 |
| Fire System | Yes, with a certificate of conformity. |
| Type of Parking | Indoor and outdoor. |
| Number of Parking Spaces | 47 (13 outdoor spaces and 34 indoor spaces). |
| Land Surface Area | 32 988 pi² |
| Laundry Room | No |
| Number of Rooms | 96 |
| Number of Units | 24 x 4.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | Yes |
| Plumbing | PVC and ABS |
| Condition of Roof | Good condition |
| Condition of Doors | Good condition |
| Condition of Balconies | Concrete in good condition. |
| Concierge Agreement | Yes, the concierge lives on site but there is no written contract. |
| Intercom and Doorbell | Intercom |
| Heating System | Heated floors in the units, electric baseboards and air conditioning |
| Hot Water System | Independent 40-gallon tanks. |
| Condition of Windows | PVC Good condition |
| Condition of Kitchens | Excellent condition, high-quality condo-style. |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick, steel panels |
| Condition of Bathrooms | Excellent condition, high-quality. |
| Environmental Report | Yes |
| Floor Covering | Click vinyl and ceramic. |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $606,120 | 95.3 % | $2,105 |
| Affordable res. | |||
| Commercial | |||
| Lockers | $7,440 | 1.2 % | $26 |
| Parking | $15,900 | 2.5 % | $55 |
| Laundry | |||
| Autre revenus | $5,040 | 0.8 % | $18 |
| Animal | $1,200 | 0.2 % | $4 |
| Total revenues | $635,700 | $2,207 | |
| Vac. / Bad debt | $19,071 | 3 % | $66 |
| EGR | $616,629 | $2,141 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $30,831 | 5 % | $1,285 |
| Municipal Taxes | Current | $63,660 | 10.3 % | $2,653 |
| School Taxes | Current | $5,002 | 0.8 % | $208 |
| Insurance | Current | $18,528 | 3 % | $772 |
| Electricity | Current | $5,949 | 1 % | $248 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $9,600 | 1.6 % | $400 |
| Maintenance | Normalised | $16,800 | 2.7 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | Current | $4,560 | 0.7 % | $190 |
| CHMC: Other Costs | ||||
| Total expenses | $154,930 | 25.1 % | $6,455 | |
| Net Revenue | $461,699 | $19,237 |
| Maximum loan amount | $8,288,115 | $8,500,000 |
| Financing CAP | 4.74 % | |
| Debt coverage ratio | 1.1 | |
| Interest Rate | 4.1 % | 4.1 % |
| Amortization | 40 Years | 50 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $461,699 | $461,699 |
| Annual Mortgage Cost | $442,951 | $418,627 |
| Net cash after mortgage | $18,747 | $43,071 |
| RETURN ON INVESTMENT | ||
| Down Payment | $3,011,885 | $2,800,000 |
| Cash on cash return | 0.6 % | 1.5 % |
| Return on liquidity + capitalization | 3.6 % | 3.5 % |
| Total yearly return with appreciation of 4 % | 18.58 % | 19.68 % |
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