Samuel Lapointe
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Beautiful 16-unit building, consisting of 8 x 3½ and 8 x 4½ units, offering very spacious layouts. Solid construction from the 1980s.
Located in a homogeneous and sought-after residential area, with a high-quality tenant base.
A great opportunity not to be missed.
Sought-after area
Well-maintained building over time
Optimization potential
The sale is made without legal warranty of quality, at the buyer’s risk.
| Cadastral number | 2 914 510 |
| Total Municipal Assessment | $2 375 700 |
| Municipal Land Assessment | $909 100 |
| Municipal Building Assessment | $1 466 600 |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1989 |
| Fire System | Code-compliant fire panel |
| Type of Parking | Outdoor asphalt driveway |
| Number of Parking Spaces | 32 |
| Land Surface Area | 23 970 sq ft |
| Laundry Room | N/A |
| Number of Rooms | 8 x 3½ and 8 x 4½ |
| Number of Units | 16 |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Sale without legal warranty at the buyer’s risk and peril. | |
| Fenced | N/A |
| Internet and Telecom | Yes |
| Plumbing | ABS / Copper |
| Condition of Roof | To be verified |
| Condition of Doors | To be verified |
| Condition of Balconies | Concrete |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboards |
| Hot Water System | Water heater (Hydro Solution) |
| Condition of Windows | Sliding windows 2013 |
| Condition of Kitchens | Good |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good |
| Environmental Report | To come |
| Floor Covering | Refinished floors (ceramic and floating) |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $177,156 | 100 % | $923 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $177,156 | $923 | |
| Vac. / Bad debt | $5,315 | 3 % | $28 |
| EGR | $171,841 | $895 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $8,592 | 5 % | $537 |
| Municipal Taxes | Current | $28,221 | 16.4 % | $1,764 |
| School Taxes | Current | $1,811 | 1.1 % | $113 |
| Insurance | Current | $6,169 | 3.6 % | $386 |
| Electricity | Current | $712 | 0.4 % | $45 |
| Heating | ||||
| Snow Removal | Current | $3,964 | 2.3 % | $248 |
| Elevator | ||||
| Lawn | Current | $1,269 | 0.7 % | $79 |
| Structural reserve | ||||
| Janitor | Normalised | $6,400 | 3.7 % | $400 |
| Maintenance | Normalised | $11,200 | 6.5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,718 | 1 % | $107 |
| Location réservoirs | Current | $2,622 | 1.5 % | $164 |
| Total expenses | $72,678 | 42.3 % | $4,542 | |
| Net Revenue | $99,163 | $6,198 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $1,741,898 | $1,120,192 |
| Financing CAP | 4.84 % | 6.64 % |
| Debt coverage ratio | 1.1 | 1.3 |
| Interest Rate | 4.25 % | 4.75 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $99,163 | $99,163 |
| Annual Mortgage Cost | $93,518 | $76,279 |
| Net cash after mortgage | $5,645 | $22,884 |
| RETURN ON INVESTMENT | ||
| Down Payment | $1,253,102 | $1,874,808 |
| Cash on cash return | 0.5 % | 1.2 % |
| Return on liquidity + capitalization | 1.9 % | 2.5 % |
| Return on liquidity + cap. + appreciation | 6.6 % | 5.7 % |
To see the detailed rent rolls of this building, you need to be connected.