Nine-unit apartment building located on a high floor in a sought-after area of Fleurimont. Built in 1989, it comprises three 5½ apartments and six 4½ apartments. Having undergone numerous major renovations, both inside and out, it is distinguished by its excellent condition. Tenants are responsible for their own heating and hot water, contributing to efficient management of operating expenses. With its 18 parking spaces and prime location close to amenities, this property represents a quality opportunity!
Completely renovated apartments located in a peaceful and sought-after area.
Large lot of over 19,000 sq ft with a wooded area at the rear.
The upper-level apartments offer incredible city views.
All 9 apartments have been completely renovated.
French drain
Retaining wall
Sidewalks
Earthworks - 2026
Asphalt paving - 2026
Roof - 2015
The sale is made without legal warranty of quality, at the buyer's risk.
A total of six appliances are included with the property.
Certain pets are permitted under the leases.
The installation of railings for the patio and exterior staircase remains to be completed by the sellers.
| Cadastral number | 1 383 175 |
| Total Municipal Assessment | 1 015 300 $ |
| Municipal Land Assessment | 155 700 $ |
| Municipal Building Assessment | 859 600 $ |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1989 |
| Fire System | Yes |
| Type of Parking | Asphalt exterior |
| Number of Parking Spaces | 18 espaces |
| Land Surface Area | 19 192 p.c. |
| Laundry Room | N/A |
| Number of Rooms | 39 |
| Number of Units | 3 x 5.5 + 6 x 4.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Owner for 6/Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | N/A |
| Internet and Telecom | N/A |
| Plumbing | Copper, PEX/ABS |
| Condition of Roof | Asphalt shingles - 2015 |
| Condition of Doors | Good condition | Renovated |
| Condition of Balconies | Good condition | Repair and piling of 3 balconies |
| Concierge Agreement | Property management in place |
| Intercom and Doorbell | Yes |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition | Refurbished PVC |
| Condition of Kitchens | Good condition | Renovated |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | Good condition | Renovated |
| Environmental Report | Yes |
| Floor Covering | Vinyl |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $144,792 | 100 % | $1,341 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $144,792 | $1,341 | |
| Vac. / Bad debt | $4,344 | 3 % | $40 |
| EGR | $140,448 | $1,300 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $6,320 | 4.5 % | $702 |
| Municipal Taxes | Current | $12,545 | 8.9 % | $1,394 |
| School Taxes | Current | $716 | 0.5 % | $80 |
| Insurance | Current | $4,154 | 3 % | $462 |
| Electricity | Current | $584 | 0.4 % | $65 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,250 | 1.6 % | $250 |
| Maintenance | Normalised | $6,300 | 4.5 % | $700 |
| Appliances | Estimated | $360 | 0.3 % | $40 |
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,404 | 1 % | $156 |
| Total expenses | $34,634 | 24.7 % | $3,848 | |
| Net Revenue | $105,815 | $11,757 |
| schl | conv | ||
|---|---|---|---|
| Maximum loan amount | $1,572,782 | $1,255,568 | $1,858,743 |
| Financing CAP | 5.72 % | 6.32 % | 4.84 % |
| Debt coverage ratio | 1.3 | 1.25 | 1.1 |
| Interest Rate | 4.25 % | 4.65 % | 4.25 % |
| Amortization | 40 Years | 25 Years | 40 Years |
| Term | 5 Years | 5 Years | 5 Years |
| schl | conv | ||
|---|---|---|---|
| Net Revenue | $105,815 | $105,815 | $105,815 |
| Annual Mortgage Cost | $86,118 | $84,652 | $101,546 |
| Net cash after mortgage | $19,697 | $21,163 | $4,269 |
| RETURN ON INVESTMENT | |||
| Down Payment | $776,218 | $1,093,432 | $490,257 |
| Cash on cash return | 2.5 % | 1.9 % | 0.9 % |
| Return on liquidity + capitalization | 4.6 % | 4.4 % | 4.8 % |
| Total yearly return with appreciation | of 3.5 % 15.23 % | of 2.64 % 10.11 % | of 2 % 14.38 % |
To see the detailed rent rolls of this building, you need to be connected.