Detached building built in 1987, offering 6 large 4.5 units located in the heart of Châteauguay. Excellent location. Ideal for a first-time buyer. Building well-maintained over the years. Close to all services. Great investment.
Composed of 6 large 4.5 units
Well-maintained building
Simple financing.
Optimization possible.
Located in the heart of Châteauguay.
Full vendor financing possible.
Minor repairs to keep it up to date.
Sale without legal warranty of quality, at the buyer's risk and peril.
| Cadastral number | 4 710 329 |
| Total Municipal Assessment | 858 600 $ |
| Municipal Land Assessment | 337 400 $ |
| Municipal Building Assessment | 521 200 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1987 |
| Fire System | To be verified |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 6 spaces |
| Land Surface Area | 9 815 sq ft |
| Laundry Room | N/A |
| Number of Rooms | 6 × 4½ |
| Number of Units | 6 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | No |
| Plumbing | Good condition |
| Condition of Roof | Good condition, 2007 |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition |
| Concierge Agreement | No |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Distance from fire station and hydrant | 50 meters |
| Condition of Bathrooms | Good condition |
| Environmental Report | No |
| Floor Covering | Wood, Vinyl and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $69,000 | 100 % | $958 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $69,000 | $958 | |
| Vac. / Bad debt | $2,070 | 3 % | $29 |
| EGR | $66,930 | $930 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,012 | 4.5 % | $502 |
| Municipal Taxes | Current | $13,235 | 19.8 % | $2,206 |
| School Taxes | Current | |||
| Insurance | Current | $3,972 | 5.9 % | $662 |
| Electricity | Estimated | $510 | 0.8 % | $85 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 2.2 % | $250 |
| Maintenance | Normalised | $4,200 | 6.3 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $669 | 1 % | $112 |
| Total expenses | $27,098 | 40.5 % | $4,516 | |
| Net Revenue | $39,832 | $6,639 |
| Maximum loan amount | $613,937 | $759,197 |
| Financing CAP | 5.51 % | 4.46 % |
| Debt coverage ratio | 1.3 | 1.1 |
| Interest Rate | 4.0 % | 4.0 % |
| Amortization | 40 Years | 45 Years |
| Term | 5 Years | 5 Years |
| Net Revenue | $39,832 | $39,832 |
| Annual Mortgage Cost | $32,554 | $38,323 |
| Net cash after mortgage | $7,278 | $1,509 |
| RETURN ON INVESTMENT | ||
| Down Payment | $615,063 | $469,803 |
| Cash on cash return | 1.2 % | 0.3 % |
| Return on liquidity + capitalization | 2.3 % | 1.7 % |
| Total yearly return with appreciation of 2 % | 6.29 % | 6.95 % |
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