Samuel Lapointe
| Team Samuel & Jessika
Executive VP
|
Real Estate Broker | PMML Partner
TRANSFERABLE MORTGAGE AT 3.34% – ESTIMATED RETURN OF OVER 20%.
Beautiful 6-unit property located in Venise-en-Québec, offering particularly attractive financial ratios thanks to a transferable mortgage at a favorable 3.34% interest rate, with 6 years remaining on the term and a 36-year amortization. This advantageous financing structure contributes to an estimated return of over 20%.
There is also the possibility of acquiring the adjacent property at 215 20th Avenue West, for a combined total of 12 units.
Superior 2023 construction located in a rapidly growing area. The property stands out for its contemporary architecture, durable materials, and high-end finishes.
Strategic location just minutes from the U.S. border and Lake Champlain.
Close to beaches, marinas, golf courses, cycling paths, and a wide range of recreational and tourism activities.
Several services are currently included in the leases, offering potential for revenue optimization.
Located at 30 minutes from the Saint-Jean-sur-Richelieu military base, an economic driver in the region.
Central vacuum system
Storage shed attached to the balcony
Quartz countertops
Superior soundproofing
Numerous high-quality recessed lights
Security camera system
Large kitchen sink
Kitchen cabinets offering generous and optimized storage space, with pull-out drawers and an integrated waste bin.
The sale is made with a legal warranty of quality and title.
The purchaser will be required to assume the existing mortgage.
Lender: National Bank of Canada Outstanding I Balance: $1 500 602,49 I Interest Rate: 3.34% I Term Maturity: November 2032 I Monthly Payment: $5,940.86
| Cadastral number | 5105927 |
| Total Municipal Assessment | 1 463 300 |
| Municipal Land Assessment | 244 700 |
| Municipal Building Assessment | 1 218 600 |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 2023 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 8 spaces |
| Land Surface Area | 9890 |
| Laundry Room | N/A |
| Number of Units | 6 x 4.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Owner |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Internet and Telecom | Yes – Included in the leases |
| Plumbing | PEX/ABS |
| Condition of Roof | Asphalt Shingles |
| Condition of Doors | 2023 |
| Condition of Balconies | 2023 |
| Concierge Agreement | To be verified |
| Intercom and Doorbell | Yes, intercom |
| Heating System | Electric Baseboard Heating |
| Hot Water System | Individual Water Heaters |
| Condition of Windows | 2023 |
| Condition of Kitchens | Superior Quality – Quartz Countertops |
| Electrical Panels | Circuit Breakers |
| Exterior Siding | Brick and Aluminum |
| Condition of Bathrooms | Good condition |
| Environmental Report | To be verified |
| Floor Covering | Ceramic Tile and Laminate Flooring |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $114,720 | 100 % | $1,593 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $114,720 | $1,593 | |
| Vac. / Bad debt | $3,442 | 3 % | $48 |
| EGR | $111,278 | $1,546 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $5,008 | 4.5 % | $835 |
| Municipal Taxes | Current | $13,169 | 11.8 % | $2,195 |
| School Taxes | Current | $912 | 0.8 % | $152 |
| Insurance | Current | $2,484 | 2.2 % | $414 |
| Electricity | Current | $400 | 0.4 % | $67 |
| Heating | ||||
| Snow Removal | Current | $862 | 0.8 % | $144 |
| Elevator | ||||
| Lawn | Current | |||
| Structural reserve | ||||
| Janitor | ||||
| Maintenance | ||||
| Appliances | Current | $2,160 | 1.9 % | $360 |
| WiFi | Current | |||
| Heat pump | Current | $1,140 | 1 % | $190 |
| CHMC: Other Costs | Normalised | $1,113 | 1 % | $185 |
| Télécommunications | Current | $5,400 | 4.9 % | $900 |
| Entretien et Réparation | Current | $1,800 | 1.6 % | $300 |
| Total expenses | $34,447 | 31.0 % | $5,741 | |
| Net Revenue | $76,831 | $12,805 |
| actuel1 | ||
|---|---|---|
| Maximum loan amount | $1,500,602 | $1,359,374 |
| Financing CAP | 4.80 % | |
| Debt coverage ratio | 1.1 | |
| Interest Rate | 3.34 % | 4.2 % |
| Amortization | 40 Years | 40 Years |
| Term | 10 Years | 5 Years |
| actuel1 | ||
|---|---|---|
| Net Revenue | $76,831 | $76,831 |
| Annual Mortgage Cost | $71,280 | $74,153 |
| Net cash after mortgage | $5,551 | $2,678 |
| RETURN ON INVESTMENT | ||
| Down Payment | $378,398 | $519,626 |
| Cash on cash return | 1.5 % | 0.5 % |
| Return on liquidity + capitalization | 7.1 % | 3.3 % |
| Total yearly return with appreciation of 3.61 % | 24.98 % | 16.33 % |
To see the detailed rent rolls of this building, you need to be connected.