Complex of 5 triplexes located 550 m from Papineau metro, close to shops and services, ensuring strong rental demand. The buyer may assume a favorable mortgage and benefit from transitional management by the seller. A rare asset combining stable revenues, growth potential, and attractive financial conditions in a central, dynamic area.
550 meters from the Papineau subway station
5 registered triplexes
A sector in acomplete transformation and modernization
Facing the Faubourg Park
Rear foundation (rubble foundation replaced with poured concrete, insulated, waterproofed, and French drain)
Several kitchens and bathrooms
Sale without legal warranty of quality at the buyer's risk
Desjardins mortgage assumptions for a total of $4,748,000 (further details will be provided by the broker)
| Cadastral number | 1 424 655,1 424 654 et autres |
| Total Municipal Assessment | 4 564 500 $ |
| Municipal Land Assessment | 1 371 500 $ |
| Municipal Building Assessment | 3 193 000 $ |
| Number of Storeys | 3 |
| Type of Building | Attached |
| Type of Construction | Brick and wood |
| Year of Construction | 1900 |
| Plus basement | |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 9 parking lots (2 with electrical terminal) |
| Land Surface Area | 12 302 sq.ft |
| Laundry Room | None |
| Washer/Dryer Inlet | In all units |
| Appliance Responsibility | Owner |
| Heating Responsibility | Owner |
| Hot Water Responsibility | Owner |
| Plumbing | Copper, pex |
| Condition of Roof | More than 20 years |
| Condition of Doors | Good condition |
| Condition of Balconies | Many solidified, base to be changed |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Buzzer |
| Heating System | Electric baseboard |
| Hot Water System | Independant hot water tanks |
| Condition of Windows | Good condition |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Bricks and stones (Needs to be worked) |
| Condition of Bathrooms | Good condition |
| Environmental Report | To be updated |
| Floor Covering | Ceramic, pine |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $721,680 | 98 % | $4,009 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | $14,400 | 2 % | $80 |
| Laundry | |||
| Total revenues | $736,080 | $4,089 | |
| Vac. / Bad debt | $22,082 | 3 % | $123 |
| EGR | $713,998 | $3,967 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $35,700 | 5 % | $2,380 |
| Municipal Taxes | Current | $28,428 | 4 % | $1,895 |
| School Taxes | Current | $3,739 | 0.5 % | $249 |
| Insurance | Current | $31,770 | 4.4 % | $2,118 |
| Electricity | Current | $37,616 | 5.3 % | $2,508 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $6,000 | 0.8 % | $400 |
| Maintenance | Normalised | $10,500 | 1.5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $7,140 | 1 % | $476 |
| Internet | Current | $14,730 | 2.1 % | $982 |
| Total expenses | $175,623 | 24.6 % | $11,708 | |
| Net Revenue | $538,375 | $35,892 |
| Maximum loan amount | $5,945,750 |
| Financing CAP | 4.00 % |
| Debt coverage ratio | 1.3 |
| Interest Rate | 3.73 % |
| Amortization | 30 Years |
| Term | 5 Years |
| Net Revenue | $538,375 |
| Annual Mortgage Cost | $346,980 |
| Net cash after mortgage | $191,395 |
| RETURN ON INVESTMENT | |
| Down Payment | $1,049,250 |
| Cash on cash return | 18.2 % |
| Return on liquidity + capitalization | 29.3 % |
| Total yearly return with appreciation of 2 % | 42.67 % |