A 6-unit brick apartment building, ideally located at the end of a cul-de-sac in the Mont-Bellevue neighborhood. Strategically located just a few steps from École du Phare, parks, schools, and shops. It consists of 6 x 4½-room units, which are functional. Hot water is the landlord’s responsibility, while tenants are responsible for heating. Some recent renovations have been completed, including the roof, balconies, some windows, and more. A great addition to your real estate portfolio!
Unit #3 is currently vacant. Available for rent at $1,150.
Storage space is available in the basement.
Some pets are allowed under the lease terms.
Option to purchase as part of a portfolio along with the 6 adjacent units (1616 Larocque)
Wooden balconies - 2026
Last remaining windows to be replaced in July 2026
Brick and mortar work redone on part of the building's exterior - 2024
Roof resurfacing - 2023
Water heater - 2019, 2 x 2023, 2025
Adjustment of certain rents
The sale is made without any legal warranty of quality, at the buyer's own risk.
| Cadastral number | 1 031 674 |
| Total Municipal Assessment | $503 500 |
| Municipal Land Assessment | $156 800 |
| Municipal Building Assessment | $346 700 |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1968 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 6 spaces (paved driveway) |
| Land Surface Area | 7,492 sq.ft |
| Laundry Room | N/A |
| Number of Rooms | 24 |
| Number of Units | 6 x 4.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Owner |
| Fenced | In the back |
| Internet and Telecom | Internet |
| Plumbing | Copper, ABS, PEX |
| Condition of Roof | Soprema Membrane - Resurfacing in 2023 |
| Condition of Doors | Good condition and fair condition |
| Condition of Balconies | Wood - new |
| Concierge Agreement | Yes, without contract |
| Intercom and Doorbell | Doorbell |
| Heating System | Electric baseboard heaters |
| Hot Water System | 2 x 60-Gallon Independent Tanks, 2020 |
| Condition of Windows | PVC, sliding |
| Condition of Kitchens | Good condition and fair condition |
| Electrical Panels | Circuit Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition and fair condition |
| Environmental Report | N/A |
| Floor Covering | Floating, ceramic, tiles, carpet |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $71,400 | 100 % | $992 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $71,400 | $992 | |
| Vac. / Bad debt | $2,142 | 3 % | $30 |
| EGR | $69,258 | $962 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,117 | 4.5 % | $519 |
| Municipal Taxes | Current | $6,907 | 10 % | $1,151 |
| School Taxes | Current | $353 | 0.5 % | $59 |
| Insurance | Estimated | $2,714 | 3.9 % | $452 |
| Electricity | Current | $2,292 | 3.3 % | $382 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 2.2 % | $250 |
| Maintenance | Normalised | $4,200 | 6.1 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $693 | 1 % | $115 |
| Location | Current | $228 | 0.3 % | $38 |
| Total expenses | $22,003 | 31.8 % | $3,667 | |
| Net Revenue | $47,255 | $7,876 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $801,070 | $564,228 |
| Financing CAP | 5.01 % | 6.28 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 4.5 % | 5.0 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $47,255 | $47,255 |
| Annual Mortgage Cost | $45,735 | $39,379 |
| Net cash after mortgage | $1,520 | $7,876 |
| RETURN ON INVESTMENT | ||
| Down Payment | $213,930 | $450,772 |
| Cash on cash return | 0.7 % | 1.7 % |
| Return on liquidity + capitalization | 4.4 % | 4.3 % |
| Total yearly return with appreciation of 3.93 % | 23.04 % | 13.2 % |
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