Samuel Lapointe
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
Jessika Anne Ledingham
| Team Samuel & Jessika
Senior VP
|
Real Estate Broker | PMML Partner
Well-maintained 7-unit building offers a diverse unit mix with 4½, 3½, and 1½ apartments, ensuring a stable occupancy rate. Located in a peaceful and sought-after area of Saint-Eustache, close to all amenities and major highways, it offers excellent income potential and represents a sound investment opportunity for anyone seeking a quality, reliable, and hassle-free property.
Neighborhood: Highly sought-after area of Saint-Eustache, offering an excellent quality of life.
Transportation: Quick access to Highway 640 and Route 344, providing easy connections to Laval and Montréal, with public transit available nearby and close to the REM.
Amenities: Close to shops, restaurants, schools, and essential services.
Parks: Just minutes from Rivière-du-Chêne Park and near the historic district of Old Saint-Eustache.
4 of the 7 units have been renovated, including the bathroom, kitchen cabinets, flooring, and interior doors.
The electrical system has been redone in 5 units, ensuring comfort and safety.
The building’s doors, windows and balconies have been replaced.
The sale is made without legal warranty of quality, at the buyer’s own risk and peril.
| Cadastral number | 1 697 641 |
| Land size | 0 SQ. Ft. |
| Total Municipal Assessment | 918 000$ |
| Municipal Land Assessment | 152 900$ |
| Municipal Building Assessment | 765 100$ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and Canexel |
| Year of Construction | 1969 |
| Fire System | Smoke detector |
| Type of Parking | Exterior |
| Number of Parking Spaces | 12 spaces |
| Laundry Room | N/A |
| Washer/Dryer Inlet | Yes | All except 1 x 2.5. |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Plumbing | Copper | ABS |
| Condition of Roof | 2007 | Average condition |
| Condition of Doors | Replaced | Varying between 1–10 years |
| Condition of Balconies | Fiberglass | Aluminum |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Yes - Doorbell |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Replaced | Varying between 1–5 years |
| Condition of Kitchens | 6 out of 7 units renovated. |
| Electrical Panels | Circuit breaker |
| Exterior Siding | Brick and Canexel |
| Condition of Bathrooms | 6 out of 7 units renovated. |
| Environmental Report | No |
| Floor Covering | Laminate | Wood | Ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $92,112 | 100 % | $1,097 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Other revenues | |||
| Total revenues | $92,112 | $1,097 | |
| Vac. / Bad debt | $2,763 | 3 % | $33 |
| EGR | $89,349 | $1,064 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,021 | 4.5 % | $574 |
| Municipal Taxes | Current | $10,803 | 12.1 % | $1,543 |
| School Taxes | Current | $590 | 0.7 % | $84 |
| Insurance | Current | $4,117 | 4.6 % | $588 |
| Electricity | Current | $543 | 0.6 % | $78 |
| Heating | ||||
| Snow Removal | Current | $2,133 | 2.4 % | $305 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,750 | 2 % | $250 |
| Maintenance | Normalised | $4,900 | 5.5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $893 | 1 % | $128 |
| Total expenses | $29,750 | 33.3 % | $4,250 | |
| Net Revenue | $59,598 | $8,514 |
| CMHC | Conventionnal | |
|---|---|---|
| Maximum loan amount | $1,118,235 | $839,571 |
| Financing CAP | 4.53 % | 5.32 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 3.8 % | 3.0 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| CMHC | Conventionnal | |
|---|---|---|
| Net Revenue | $59,598 | $59,598 |
| Annual Mortgage Cost | $57,672 | $47,679 |
| Net cash after mortgage | $1,927 | $11,920 |
| RETURN ON INVESTMENT | ||
| Down Payment | $366,765 | $645,429 |
| Cash on cash return | 0.5 % | 1.8 % |
| Return on liquidity + capitalization | 4.1 % | 5.4 % |
| Total yearly return with appreciation of 2 % | 12.17 % | 10.01 % |
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