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
A 16-unit apartment building in an ideal location offering strong potential for value creation. Six units have already been fully renovated and modernized, while nine units remain to be optimized, allowing the buyer to continue growing rental income. This property is well-positioned in a sought-after area, offering an attractive balance between stability and appreciation potential. An opportunity not to be missed for an investor seeking added value.
Unit renovations include plumbing and electricity
6 units completely renovated
8 outdoor storage units | 5 for rent
Plumbing and Electrical Panels in the renovated Units
Six fully renovated units
Doors and windows replaced in 2025
Roof replaced in 2023
The sale is made without any legal warranty of quality, at the buyer's own risk.
| Cadastral number | 2 141 053 |
| Total Municipal Assessment | 1 361 100$ |
| Municipal Land Assessment | 179 900$ |
| Municipal Building Assessment | 1 181 200$ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1977 |
| Type of Parking | Outdoor |
| Number of Parking Spaces | 20 spaces |
| Land Surface Area | 1 995.30 m2 |
| Laundry Room | No |
| Number of Units | 8 x 5 ½ , 6 x 4 ½ , 2 x 3 ½ |
| Washer/Dryer Inlet | Yes |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Internet and Telecom | No |
| Plumbing | CUP | PVC |
| Condition of Roof | Elastomeric Membrane | 2023 |
| Condition of Doors | All changed in 2025 |
| Condition of Balconies | Cement very good condition |
| Concierge Agreement | Yes |
| Intercom and Doorbell | Intercom with Bell |
| Heating System | Electric Baseboards | 3 units have a heat pump |
| Hot Water System | Independent Water Heaters |
| Condition of Windows | All changed in 2025 |
| Condition of Kitchens | 6 renovated | 10 good condition |
| Electrical Panels | Breakers | 6 new panels |
| Exterior Siding | Brick |
| Condition of Bathrooms | 6 renovated | 10 good condition |
| Environmental Report | Update to be done |
| Floor Covering | Ceramic | Water-resistant vinyl | Floating floor | Other |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $233,340 | 98.3 % | $1,215 |
| Affordable res. | |||
| Commercial | |||
| Lockers | $2,680 | 1.1 % | $14 |
| Parking | $1,320 | 0.6 % | $7 |
| Laundry | |||
| Total revenues | $237,340 | $1,236 | |
| Vac. / Bad debt | $9,494 | 4 % | $49 |
| EGR | $227,846 | $1,187 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $11,392 | 5 % | $712 |
| Municipal Taxes | Current | $23,758 | 10.4 % | $1,485 |
| School Taxes | Current | $1,552 | 0.7 % | $97 |
| Insurance | Current | $13,033 | 5.7 % | $815 |
| Electricity | Current | $2,389 | 1 % | $149 |
| Heating | ||||
| Snow Removal | Current | $1,600 | 0.7 % | $100 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $6,400 | 2.8 % | $400 |
| Maintenance | Normalised | $11,200 | 4.9 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $2,278 | 1 % | $142 |
| Internet | Current | $845 | 0.4 % | $53 |
| Total expenses | $74,448 | 32.7 % | $4,653 | |
| Net Revenue | $153,399 | $9,587 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $2,694,605 | $1,847,709 |
| Financing CAP | 4.84 % | 6.23 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.25 % | 4.5 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $153,399 | $153,399 |
| Annual Mortgage Cost | $147,547 | $122,719 |
| Net cash after mortgage | $5,851 | $30,680 |
| RETURN ON INVESTMENT | ||
| Down Payment | $900,395 | $1,747,291 |
| Cash on cash return | 0.6 % | 1.8 % |
| Return on liquidity + capitalization | 3.8 % | 4.1 % |
| Total yearly return with appreciation of 2 % | 11.74 % | 8.23 % |