Magnificent multi-residential building of recent construction offering a modern and well-maintained property. Its contemporary units, rental income, and overall construction quality make it an interesting asset for an investor looking for a recent building requiring little maintenance.
Recent construction
Modern and functional units
Low short-term maintenance needs
Construction 2022
The sale is made without legal warranty of quality, at the buyer's risk and peril
A snow removal contract is available on the file
| Cadastral number | 6 449 848 |
| Total Municipal Assessment | 2 062 200 $ |
| Municipal Land Assessment | 58 500 $ |
| Municipal Building Assessment | 2 003 700 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Wood |
| Year of Construction | 2022 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | ~25 spaces |
| Land Surface Area | 29 967 sq.ft. |
| Laundry Room | N/A |
| Number of Rooms | 15 x 4.5 + 1 x 3.5 |
| Number of Units | 16 unit |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | No |
| Plumbing | PEX / ABS |
| Condition of Roof | Good condition - 2022 |
| Condition of Doors | Good condition - 2022 |
| Condition of Balconies | Good condition - 2022 |
| Concierge Agreement | Yes, with tenant #1 until june 30th 2027. Cleaning of common areas |
| Intercom and Doorbell | Yes |
| Heating System | Electric Baseboards and Thermopompes |
| Hot Water System | Independent Tank |
| Condition of Windows | Good condition - 2022 |
| Condition of Kitchens | Good condition - 2022 |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Fiber cement and steel |
| Condition of Bathrooms | Good condition - 2022 |
| Environmental Report | Phase I, II and III |
| Floor Covering | Floating |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $189,900 | 100 % | $989 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $189,900 | $989 | |
| Vac. / Bad debt | $5,697 | 3 % | $30 |
| EGR | $184,203 | $959 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $9,210 | 5 % | $576 |
| Municipal Taxes | Current | $28,333 | 15.4 % | $1,771 |
| School Taxes | Current | $1,400 | 0.8 % | $88 |
| Insurance | Current | $6,662 | 3.6 % | $416 |
| Electricity | Current | $1,183 | 0.6 % | $74 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $6,400 | 3.5 % | $400 |
| Maintenance | Normalised | $11,200 | 6.1 % | $700 |
| Appliances | ||||
| WiFi | Current | $7,740 | 4.2 % | $484 |
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,842 | 1 % | $115 |
| Garbage | Current | $864 | 0.5 % | $54 |
| Total expenses | $74,834 | 40.6 % | $4,677 | |
| Net Revenue | $109,369 | $6,836 |
| Maximum loan amount | $2,001,923 | $1,935,065 | $1,317,363 |
| Financing CAP | 4.80 % | 6.23 % | |
| Debt coverage ratio | 1.1 | 1.25 | |
| Interest Rate | 3.24 % | 4.2 % | 4.5 % |
| Amortization | 40 Years | 40 Years | 25 Years |
| Term | 5 Years | 5 Years | 5 Years |
| Net Revenue | $109,369 | $109,369 | $109,369 |
| Annual Mortgage Cost | $105,966 | $105,615 | $87,495 |
| Net cash after mortgage | $3,403 | $3,754 | $21,874 |
| RETURN ON INVESTMENT | |||
| Down Payment | $993,077 | $1,059,935 | $1,677,637 |
| Cash on cash return | 0.3 % | 0.4 % | 1.3 % |
| Return on liquidity + capitalization | 2.6 % | 2.3 % | 3.1 % |
| Total yearly return with appreciation of 2 % | 8.6 % | 7.93 % | 6.62 % |
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