MASCOUCHE – 2019 CONSTRUCTION: 8 x 5½ units across 2 x 4-plex buildings in the sought-after Jardin des Coteaux area. Carefully built by the current owner, these spacious 1,350 to 1,450 sq. ft. units generate an average rent of $1,674/month/unit. Utilities are paid by the tenants. Each unit features 2 parking spaces and an outdoor storage space. A turnkey property, perfect for an investor or owner-occupant!
Wall-mounted air conditioning / air exchanger
2 outdoor parking spaces per unit
4x8 shed for each unit
Semi-underground waste collection containers
In close proximity to all services, shops, schools and major roads
Built in 2019
Cadaster 6 099 396 et 6 099 397.
Can be sold with 2245 - 2257 de Mascouche, Mascouche (2 x Triplex).
Manual snow removal - $632 / year.
Sale without legal warranty of quality at the buyer's own risk.
Visit upon an accepted offer.
| Cadastral number | 6 099 396 et 6 099 397 |
| Total Municipal Assessment | $ 2 493 500 |
| Municipal Land Assessment | $ 672 100 |
| Municipal Building Assessment | $ 1 821 400 |
| Number of Storeys | 3 |
| Type of Building | Detached |
| Type of Construction | Brick and wood |
| Year of Construction | 2019 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior - Asphalt |
| Number of Parking Spaces | 16 spots |
| Land Surface Area | 9 262 sq. ft. |
| Laundry Room | N/A |
| Number of Rooms | To be verified |
| Number of Units | 8 x 5.5 |
| Washer/Dryer Inlet | Laundry room in each unit |
| Appliance Responsibility | Tenants |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | No |
| Internet and Telecom | Yes |
| Plumbing | Pex |
| Condition of Roof | 2019 - Elastomeric Membrane |
| Condition of Doors | 2019 |
| Condition of Balconies | 2019 - Rear fiberglass deck with aluminum railings |
| Concierge Agreement | None |
| Intercom and Doorbell | Independent entrance with doorbell |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks in each unit |
| Condition of Windows | 2019 - Energy star PVC argon gas low-e |
| Condition of Kitchens | 2019 |
| Electrical Panels | Circuit breakers, 100 amps per unit |
| Exterior Siding | Brick / Steel / CanExel |
| Distance from fire station and hydrant | Boul Mascouche |
| Condition of Bathrooms | 2019 - Seperate tub and shower |
| Environmental Report | To be done |
| Floor Covering | Vinyl / Ceramic in the kitchen and bathroom |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $174,300 | 100 % | $1,816 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $174,300 | $1,816 | |
| Vac. / Bad debt | $5,229 | 3 % | $54 |
| EGR | $169,071 | $1,761 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $7,608 | 4.5 % | $951 |
| Municipal Taxes | Current | $21,529 | 12.7 % | $2,691 |
| School Taxes | Current | $1,750 | 1 % | $219 |
| Insurance | Current | $5,511 | 3.3 % | $689 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $1,120 | 0.7 % | $140 |
| Elevator | ||||
| Lawn | Current | $275 | 0.2 % | $34 |
| Structural reserve | ||||
| Janitor | Normalised | $2,000 | 1.2 % | $250 |
| Maintenance | Normalised | $5,600 | 3.3 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,691 | 1 % | $211 |
| autre_depenses_a5a17211b3241678d094 | ||||
| Total expenses | $47,084 | 27.8 % | $5,885 | |
| Net Revenue | $121,987 | $15,248 |
| Maximum loan amount | $2,189,835 |
| Financing CAP | 4.74 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 4.1 % |
| Amortization | 40 Years |
| Term | 5 Years |
| Net Revenue | $121,987 |
| Annual Mortgage Cost | $117,046 |
| Net cash after mortgage | $4,941 |
| RETURN ON INVESTMENT | |
| Down Payment | $1,305,165 |
| Cash on cash return | 0.4 % |
| Return on liquidity + capitalization | 2.2 % |
| Total yearly return with appreciation of 3.99 % | 12.87 % |
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