This 36-unit, 4-story multi-residential building, constructed in 2023, stands out for its quality design and variety of amenities, offering a contemporary living environment and common areas designed for comfort and long-term profitability.
Located in a sought-after area of Cowansville, the combination of its strategic location and modern amenities makes it an ideal investment for any buyer looking for stability and simplified management.
New construction (2023)
36 units - 3x 5.5 + 33x 4.5
Includes: Elevator, fitness room, multi-purpose room (kitchen, pool table, and relaxation area), charging station, and lockers
Nearby: Highway, schools, hospital, parks, public transportation, etc.
The sale is made without any legal guarantee of quality, at the buyer's own risk.
| Cadastral number | 3 798 743 |
| Total Municipal Assessment | $ 8 717 000 |
| Municipal Land Assessment | $ 433 200 |
| Municipal Building Assessment | $ 8 283 800 |
| Number of Storeys | 4 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 2023 |
| Elevator | |
| Fire System | Smoke detectors / Sprinklers (compliant) |
| Type of Parking | Exterior |
| Number of Parking Spaces | 54 spaces |
| Land Surface Area | 48 661 sq.ft |
| Laundry Room | Yes |
| Number of Units | 32 X 4.5 + 4 X 5.5 |
| Washer/Dryer Inlet | Yes, in every unit |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Plumbing | ABS |
| Condition of Roof | Asphalt / Gravel |
| Condition of Doors | New construction |
| Condition of Balconies | New construction |
| Concierge Agreement | Yes, on site (no contract) |
| Intercom and Doorbell | Intercom + doorbell / Chip |
| Heating System | Electric baseboard heaters / Wall-mounted air conditioning / Air exchanger |
| Hot Water System | Independent tanks |
| Condition of Windows | Crank handle (casement window) / French window / PVC |
| Condition of Kitchens | High-end laminate countertop/Island/Stainless steel range hood/Melamine cabinet |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Steel / Brick |
| Condition of Bathrooms | Laminate countertops |
| Environmental Report | Yes, LCL (2019) |
| Floor Covering | Ceramic / Premium engineered wood / Vinyl |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $659,160 | 100 % | $1,526 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $659,160 | $1,526 | |
| Vac. / Bad debt | $13,183 | 2 % | $31 |
| EGR | $645,977 | $1,495 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $32,299 | 5 % | $897 |
| Municipal Taxes | Current | $83,390 | 12.9 % | $2,316 |
| School Taxes | Current | $6,506 | 1 % | $181 |
| Insurance | Current | $13,827 | 2.1 % | $384 |
| Electricity | Current | $5,000 | 0.8 % | $139 |
| Heating | ||||
| Snow Removal | Current | $2,961 | 0.5 % | $82 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $14,400 | 2.2 % | $400 |
| Maintenance | Normalised | $25,200 | 3.9 % | $700 |
| Appliances | ||||
| WiFi | Current | $27,309 | 4.2 % | $759 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $6,460 | 1 % | $179 |
| Conteneur | Current | $1,518 | 0.2 % | $42 |
| Total expenses | $218,869 | 33.9 % | $6,080 | |
| Net Revenue | $427,108 | $11,864 |
| schl | |
|---|---|
| Maximum loan amount | $8,961,741 |
| Financing CAP | 4.05 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 3.65 % |
| Amortization | 50 Years |
| Term | 5 Years |
| schl | |
|---|---|
| Net Revenue | $427,108 |
| Annual Mortgage Cost | $411,228 |
| Net cash after mortgage | $15,880 |
| RETURN ON INVESTMENT | |
| Down Payment | $2,788,259 |
| Cash on cash return | 0.6 % |
| Return on liquidity + capitalization | 3.0 % |
| Return on liquidity + cap. + appreciation | 11.5 % |
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