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
Detached building made up entirely of 4 ½ units, built in 1977 and impeccably maintained. Roof redone in 2021, all units are renovated. All energy costs are paid by the tenants. Large parking area at the back, with an unobstructed view thanks to the Petit Train du Nord bike path, with no buildings facing the back. Sought-after area close to Carrefour du Nord and Centre Saint-Jérôme (shops, pharmacy, restaurants). Ideal for an investor looking for a low-maintenance, well-positioned asset with upside potential.
All units are renovated
Excellent location
In-demand rental sector
Roof redone in 2021
The sale is made without legal guarantee of quality at the buyer's own risk.
The 2025–2026 snow removal contract will be available along with the other documents during the due diligence process.
| Cadastral number | 4034942 |
| Total Municipal Assessment | 1 209 800 $ |
| Municipal Land Assessment | 246 100 $ |
| Municipal Building Assessment | 963 700 $ |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1977 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 8 spots |
| Land Surface Area | 13 290 sq. ft. |
| Laundry Room | N/A |
| Number of Rooms | 32 |
| Number of Units | 8 x 4.5 |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenant |
| Heating Responsibility | Tenant |
| Hot Water Responsibility | Tenant |
| Fenced | No |
| Internet and Telecom | Not incuded |
| Plumbing | CUP/ABS |
| Condition of Roof | 2021 Elastomer Membrane |
| Condition of Doors | Original doors |
| Condition of Balconies | Fiberglass |
| Concierge Agreement | No |
| Intercom and Doorbell | Ring bell on mail box |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Original | Aluminium |
| Condition of Kitchens | All kitchens have been updated within the last 6 years |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick, aluminum |
| Condition of Bathrooms | All kitchens have been updated within the last 6 years |
| Environmental Report | Phase 1 | 2021 |
| Floor Covering | Vinyl |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $96,132 | 100 % | $1,001 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $96,132 | $1,001 | |
| Vac. / Bad debt | $2,884 | 3 % | $30 |
| EGR | $93,248 | $971 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,196 | 4.5 % | $525 |
| Municipal Taxes | Current | $12,292 | 13.2 % | $1,537 |
| School Taxes | Current | $763 | 0.8 % | $95 |
| Insurance | Current | $6,835 | 7.3 % | $854 |
| Electricity | Current | $333 | 0.4 % | $42 |
| Heating | ||||
| Snow Removal | Current | $2,034 | 2.2 % | $254 |
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 2.1 % | $250 |
| Maintenance | Normalised | $5,600 | 6 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $932 | 1 % | $117 |
| Total expenses | $34,986 | 37.5 % | $4,373 | |
| Net Revenue | $58,262 | $7,283 |
| Maximum loan amount | $865,987 | $1,023,439 | $684,487 |
| Financing CAP | 5.72 % | 4.84 % | 6.38 % |
| Debt coverage ratio | 1.3 | 1.1 | 1.25 |
| Interest Rate | 4.25 % | 4.25 % | 4.75 % |
| Amortization | 40 Years | 40 Years | 25 Years |
| Term | 5 Years | 5 Years | 5 Years |
| Net Revenue | $58,262 | $58,262 | $58,262 |
| Annual Mortgage Cost | $47,613 | $55,936 | $46,610 |
| Net cash after mortgage | $10,649 | $2,327 | $11,652 |
| RETURN ON INVESTMENT | |||
| Down Payment | $684,013 | $526,561 | $865,513 |
| Cash on cash return | 1.6 % | 0.4 % | 1.3 % |
| Return on liquidity + capitalization | 2.9 % | 2.5 % | 3.0 % |
| Total yearly return with appreciation of 4.49 % | 13.05 % | 15.67 % | 11.09 % |
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