Large building offering 6 units spread over 3 floors, consisting of 6 x 4½, 5 of which have been carefully renovated with quality materials, including one unit currently vacant. The building has been carefully maintained over the years and has benefited from numerous renovations and significant improvements. Strategic location ensuring high rental demand, close to the Botanical Garden, Olympic Stadium, and Pie-IX and Viau metro stations. Simple and efficient management, with energy costs covered by tenants. Possibility of developing the backyard to create 3 to 4 parking spaces, thereby optimizing income and asset value.
Building dimensions: 30 x 63 irregular.
Close to all services, schools, parks, and public transportation.
1 fully renovated unit, including plumbing and electrical systems.
4 renovated units: kitchens, bathrooms, flooring, light fixtures, etc.
Front foundation redone in poured concrete.
Front and rear balconies replaced with fiberglass and aluminum.
4 x 4½ (Bedroom + Office) + 2 x 4½ (Double Room).
The sale is made without legal warranty of quality at the buyer's risk.
| Cadastral number | 1 881 177 |
| Total Municipal Assessment | $ 1 450 000 |
| Municipal Land Assessment | $ 372 500 |
| Municipal Building Assessment | $ 1 077 500 |
| Number of Storeys | 3 |
| Type of Building | Attached |
| Type of Construction | Brick and wood |
| Year of Construction | 1921 |
| Fire System | Smoke detectors |
| Type of Parking | N/A |
| Number of Parking Spaces | N/A |
| Land Surface Area | 2 970 sq.ft. |
| Laundry Room | No |
| Number of Rooms | To be verified |
| Number of Units | 6 x 4.5 |
| Washer/Dryer Inlet | Yes, in every unit |
| Appliance Responsibility | Owner - Stove, refrigerator, washer and dryer | #1839, #1845, and #1847 |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Yes, backyard |
| Internet and Telecom | Yes |
| Plumbing | Copper, ABS and PEX / Some sections of steel piping remain (1843) |
| Condition of Roof | Good condition | Gravel |
| Condition of Doors | Good condition | Aluminum |
| Condition of Balconies | Fiberglass | Excellent condition - Front wooden floor | Good condition |
| Concierge Agreement | Non |
| Intercom and Doorbell | Yes, doorbell |
| Heating System | Electrical baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition | Aluminum |
| Condition of Kitchens | Renovated in 2012 | Renovated in 2025 |
| Electrical Panels | Circuit breakers | 100 AMP |
| Exterior Siding | Brick and Stone |
| Condition of Bathrooms | Recently renovated |
| Environmental Report | Non |
| Floor Covering | Floating, wood, and ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $112,980 | 100 % | $1,569 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $112,980 | $1,569 | |
| Vac. / Bad debt | $3,389 | 3 % | $47 |
| EGR | $109,591 | $1,522 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,932 | 4.5 % | $822 |
| Municipal Taxes | Current | $7,904 | 7.2 % | $1,317 |
| School Taxes | Current | $847 | 0.8 % | $141 |
| Insurance | Current | $4,785 | 4.4 % | $798 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.4 % | $250 |
| Maintenance | Normalised | $4,200 | 3.8 % | $700 |
| Appliances | Estimated | $720 | 0.7 % | $120 |
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,096 | 1 % | $183 |
| Total expenses | $25,983 | 23.7 % | $4,331 | |
| Net Revenue | $83,607 | $13,935 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $1,545,567 | $1,215,557 |
| Financing CAP | 4.60 % | 5.16 % |
| Debt coverage ratio | 1.1 | 1.15 |
| Interest Rate | 3.9 % | 4.4 % |
| Amortization | 40 Years | 30 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $83,607 | $83,607 |
| Annual Mortgage Cost | $80,877 | $72,702 |
| Net cash after mortgage | $2,730 | $10,905 |
| RETURN ON INVESTMENT | ||
| Down Payment | $279,333 | $609,343 |
| Cash on cash return | 1.0 % | 1.8 % |
| Return on liquidity + capitalization | 7.3 % | 5.1 % |
| Total yearly return with appreciation of 2 % | 20.33 % | 11.08 % |
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