Maria Aimen
| Team Maria Aimen et Lucie Le Quilliec
Executive VP
|
Real Estate Broker | PMML Partner
Samuel Lapointe
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
8-unit property consisting of 8 x 4½ apartments, ideally located in Sainte-Thérèse. Tenants are responsible for heating, electricity, and hot water. The property also offers 10 parking spaces and benefits from a strategic location near Highways 15 and 640, the Sainte-Thérèse train station, and several essential services.
Highly sought-after family-friendly neighbourhood
Quick and convenient access to major highways
Well-maintained property
Strong potential to optimize rental income and create additional value
The roof was recently redone.
The property is being sold without any legal warranty of quality, at the buyer’s own risk and peril.
| Cadastral number | 3004708 |
| Total Municipal Assessment | 1 460 800 $ |
| Municipal Land Assessment | 364 700 $ |
| Municipal Building Assessment | 1 096 100 $ |
| Number of Storeys | 3 |
| Type of Building | Semi-detached |
| Type of Construction | Brick and wood siding |
| Year of Construction | 1986 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 10 spaces |
| Land Surface Area | 9413 sq. ft. |
| Laundry Room | N/A |
| Number of Rooms | 32 |
| Number of Units | 8 x 4.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Bell provides the building’s main Internet connection. A network switch distributes the connection to the individual units. Plex manages the Internet service and provides technical support. Videotron previously provided illico television services. The contract has expired and will need to be renegotiated. A separate Bell Internet connection is dedicated to the building’s security camera system. | |
| Fenced | Yes |
| Internet and Telecom | Yes |
| Plumbing | PEX / ABS plumbing |
| Condition of Roof | Elastomeric membrane roofing |
| Condition of Doors | Good condition |
| Condition of Balconies | Fiberglass |
| Concierge Agreement | To be determined |
| Intercom and Doorbell | Good condition |
| Heating System | Electric baseboard heaters |
| Hot Water System | Individual hot water tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick and aluminum siding |
| Condition of Bathrooms | Good condition |
| Environmental Report | Update required |
| Floor Covering | Laminate flooring and ceramic tile |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $114,276 | 100 % | $1,190 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $114,276 | $1,190 | |
| Vac. / Bad debt | $3,428 | 3 % | $36 |
| EGR | $110,848 | $1,155 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,988 | 4.5 % | $624 |
| Municipal Taxes | Current | $15,389 | 13.9 % | $1,924 |
| School Taxes | Current | $924 | 0.8 % | $116 |
| Insurance | Current | $5,732 | 5.2 % | $717 |
| Electricity | Current | $832 | 0.8 % | $104 |
| Heating | ||||
| Snow Removal | Current | |||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Current | $1,720 | 1.6 % | $215 |
| Maintenance | Current | $4,880 | 4.4 % | $610 |
| Appliances | ||||
| WiFi | Current | $1,034 | 0.9 % | $129 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,108 | 1 % | $139 |
| Videotron | Current | $2,938 | 2.7 % | $367 |
| Wifiplex | Current | $469 | 0.4 % | $59 |
| Total expenses | $40,015 | 36.1 % | $5,002 | |
| Net Revenue | $70,833 | $8,854 |
| Maximum loan amount | $1,381,306 |
| Financing CAP | |
| Debt coverage ratio | |
| Interest Rate | 3.67 % |
| Amortization | 45 Years |
| Term | 5 Years |
| Net Revenue | $70,833 |
| Annual Mortgage Cost | $68,838 |
| Net cash after mortgage | $1,995 |
| RETURN ON INVESTMENT | |
| Down Payment | $418,694 |
| Cash on cash return | 0.5 % |
| Return on liquidity + capitalization | 3.9 % |
| Total yearly return with appreciation of 4.8 % | 24.55 % |
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