MASCOUCHE – 2019 Construction: 6 four-and-a-half apartments spread across two Triplex buildings in the highly sought-after Jardin des Coteaux area. Carefully built by the current owner, these units generate an average rent of $1 733/month/unit. Each unit includes 2 parking spaces and outdoor storage. Tenants pay their own utility/energy costs. 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
Laundry room in each unit
Semi-underground waste collection containers
In close proximity to all services, shops, schools and major roads
2019 Construction
Cadaster 5 828 385 et 5 828 386.
Can be sold with 2225-2241 de Mascouche, Mascouche (2 x fourplex).
Manual Snow removal contract $632 / year.
Sale without legal warranty of quality at the buyer's own risk.
Visit upon an accepted offer.
| Cadastral number | 5828385 |
| Total Municipal Assessment | $ 2 176 700 |
| Municipal Land Assessment | $ 606 100 |
| Municipal Building Assessment | $ 1 570 600 |
| Number of Storeys | 2 |
| Type of Building | Detached |
| Type of Construction | Brick & Wood |
| Year of Construction | 2019 |
| Fire System | Smoke detectors |
| Type of Parking | Exterior |
| Number of Parking Spaces | 12 spaces |
| Land Surface Area | 13 242 sq. ft. |
| Laundry Room | N/A |
| Number of Rooms | To be verified |
| Number of Units | 6 x 4.5 |
| 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 / ABS |
| Condition of Roof | 2019 - Elastomeric Membrane |
| Condition of Doors | 2019 |
| Condition of Balconies | 2019 - Rear fiberglass deck with aluminum railings |
| Concierge Agreement | No |
| Intercom and Doorbell | Independent entrance with doorbell |
| Heating System | Electric baseboards |
| Hot Water System | Independant water tank in each unit |
| Condition of Windows | 2019 - Energy Star PVC gaz argon 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 | Mascouche Blvd |
| Condition of Bathrooms | 2019 - Seperate tub and shower |
| Environmental Report | N/A |
| Floor Covering | Floating, Ceramic in the kitchens and bathroom |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $124,800 | 100 % | $1,733 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $124,800 | $1,733 | |
| Vac. / Bad debt | $3,744 | 3 % | $52 |
| EGR | $121,056 | $1,681 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $5,448 | 4.5 % | $908 |
| Municipal Taxes | Current | $18,498 | 15.3 % | $3,083 |
| School Taxes | Current | $1,505 | 1.2 % | $251 |
| Insurance | Current | $4,554 | 3.8 % | $759 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | Current | $1,120 | 0.9 % | $187 |
| Elevator | ||||
| Lawn | Current | $275 | 0.2 % | $46 |
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.2 % | $250 |
| Maintenance | Normalised | $4,200 | 3.5 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,211 | 1 % | $202 |
| Total expenses | $38,310 | 31.6 % | $6,385 | |
| Net Revenue | $82,746 | $13,791 |
| Maximum loan amount | $1,485,402 |
| Financing CAP | 4.74 % |
| Debt coverage ratio | 1.1 |
| Interest Rate | 4.1 % |
| Amortization | 40 Years |
| Term | 5 Years |
| Net Revenue | $82,746 |
| Annual Mortgage Cost | $79,858 |
| Net cash after mortgage | $2,888 |
| RETURN ON INVESTMENT | |
| Down Payment | $1,004,599 |
| Cash on cash return | 0.3 % |
| Return on liquidity + capitalization | 1.9 % |
| Total yearly return with appreciation of 3.31 % | 10.09 % |
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