Vanessa Calero
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Located near all essential services, this 8-unit building represents a rare investment opportunity in the Pierrefonds sector, at the corner of Saint-Charles Boulevard. Built in 1987 with a wood and brick structure, the building consists of 4 x 4 ½ and 4 x 3 ½, all energy costs are at the tenants' expense. There is a laundry room on the third floor for the 3 ½ tenants. In the last 5 years, all balconies as well as the roof have been replaced, two units completely renovated and some windows have been changed.
Well-maintained building in an area with high rental demand
Potential to optimize profitability
New waste bin installed in 2025
Two 4 ½ units were fully renovated in 2023 and 2026
One of the 4 ½ units was renovated at a cost of $90,000
Some units are partially renovated
Roof replaced in 2023
Balconies replaced in 2019
The common area ceramic tiles were replaced in 2019 at a cost of $50,000
This sale is made without legal warranty of quality, at the buyer's risk.
A surveillance camera system is in place and functional
Contract with Hydro-Solution available during due diligence
| Cadastral number | 1 070 490 |
| Total Municipal Assessment | 1 457 000 $ |
| Municipal Land Assessment | 671 100 $ |
| Municipal Building Assessment | 785 900 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1987 |
| Fire System | Fire extinguishers in the hallways |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 11 exterior spaces |
| Land Surface Area | 17 200 sqft |
| Laundry Room | Yes for tenants of the 3 ½ units |
| Number of Units | 4 x 3 ½ and 4 x 4 ½ |
| Washer/Dryer Inlet | Yes in the 4 ½ only |
| Appliance Responsibility | Stove Fridge Owner |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Plumbing | CUP and ABS |
| Condition of Roof | 2023 |
| Condition of Doors | Good condition |
| Condition of Balconies | Changed in 2019 |
| Concierge Agreement | No |
| Intercom and Doorbell | Ringbell |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Some are new |
| Condition of Kitchens | Renovated/Original |
| Electrical Panels | Breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Renovated/Original |
| Environmental Report | No |
| Floor Covering | Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $91,080 | 99 % | $949 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | $950 | 1 % | $10 |
| Total revenues | $92,030 | $959 | |
| Vac. / Bad debt | $2,761 | 3 % | $29 |
| EGR | $89,269 | $930 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,017 | 4.5 % | $502 |
| Municipal Taxes | Current | $9,258 | 10.4 % | $1,157 |
| School Taxes | Current | $1,074 | 1.2 % | $134 |
| Insurance | Current | $5,118 | 5.7 % | $640 |
| Electricity | Current | $389 | 0.4 % | $49 |
| Heating | ||||
| Snow Removal | Current | $1,495 | 1.7 % | $187 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 2.2 % | $250 |
| Maintenance | Normalised | $5,600 | 6.3 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $893 | 1 % | $112 |
| Total expenses | $29,844 | 33.4 % | $3,730 | |
| Net Revenue | $59,425 | $7,428 |
| Maximum loan amount | $1,007,386 | $715,787 | $1,173,816 |
| Financing CAP | 5.01 % | 6.23 % | 4.81 % |
| Debt coverage ratio | 1.1 | 1.25 | 1.1 |
| Interest Rate | 4.5 % | 4.5 % | 4.0 % |
| Amortization | 40 Years | 25 Years | 50 Years |
| Term | 5 Years | 5 Years | 5 Years |
| Net Revenue | $59,425 | $59,425 | $59,425 |
| Annual Mortgage Cost | $57,053 | $47,540 | $56,877 |
| Net cash after mortgage | $2,372 | $11,885 | $2,549 |
| RETURN ON INVESTMENT | |||
| Down Payment | $667,614 | $959,213 | $501,184 |
| Cash on cash return | 0.4 % | 1.2 % | 0.5 % |
| Return on liquidity + capitalization | 1.8 % | 2.9 % | 2.1 % |
| Total yearly return with appreciation of 2 % | 6.84 % | 6.39 % | 8.79 % |
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