Building with 48 rooms, fully renovated over the years: new pellet-based heating and hot water system, updated electrical and fire safety systems meeting current standards, complete repainting, and the majority of the floors have been renovated. Several outdoor parking spaces, renovated plumbing, and modernized bathrooms. A lease has been signed for energy sales, providing a guaranteed additional income.
48-room building in excellent condition.
Major upgrades completed over the years for a modernized property.
Interior enhanced with quality materials and refined finishes.
Additional guaranteed income through an energy sale lease.
Installation of fire-rated doors throughout the building.
Installation of a fire alarm system throughout the building with a control panel at the entrance.
Upgrading of the electrical system.
Installation of a new pellet heating system with domestic hot water unit.
Complete repainting of the building.
95% of the flooring replaced.
Brought up to RBQ standards with architectural plans.
Update of emergency exits.
Basement window, updated plumbing, and installation of two new bathrooms.
The sale is made without legal warranty of quality to the risks and perils of the buyer.
The pellet expenses refer to the previous year.
| Cadastral number | 6 071 188 |
| Land size | N/A |
| Total Municipal Assessment | 212 900 $ |
| Municipal Land Assessment | 89 800 $ |
| Municipal Building Assessment | 123 100 $ |
| Number of Storeys | 2 |
| Type of Building | Isolated |
| Type of Construction | Wood / Concrete |
| Year of Construction | 1958 |
| Fire System | To be verified |
| Type of Parking | Outside |
| Number of Parking Spaces | Multiples |
| Laundry Room | Yes |
| Washer/Dryer Inlet | No |
| Appliance Responsibility | Owner |
| Heating Responsibility | Owner |
| Hot Water Responsibility | Owner |
| Plumbing | Renovated |
| Condition of Roof | To be verified |
| Condition of Doors | Good State |
| Condition of Balconies | Good State |
| Concierge Agreement | No |
| Intercom and Doorbell | To be verified |
| Heating System | Hot water heating with new pellet system |
| Hot Water System | pellet system |
| Condition of Windows | Good State |
| Condition of Kitchens | Good State |
| Electrical Panels | Circuit breakers 200 amp 600 volt 400 amp 240 volt |
| Exterior Siding | Concrete coating (plaster) |
| Condition of Bathrooms | 2 Renovated bathrooms |
| Environmental Report | No |
| Floor Covering | Good State |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $241,200 | 69.8 % | $419 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Revenu potentiel vacant | $42,180 | 12.2 % | $73 |
| Énergie | $62,024 | 18 % | $108 |
| Total revenues | $345,404 | $600 | |
| Vac. / Bad debt | $10,362 | 3 % | $18 |
| EGR | $335,042 | $582 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $16,752 | 5 % | $349 |
| Municipal Taxes | Current | $8,677 | 2.6 % | $181 |
| School Taxes | Current | $842 | 0.3 % | $18 |
| Insurance | Current | $17,165 | 5.1 % | $358 |
| Electricity | Current | $8,416 | 2.5 % | $175 |
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $19,200 | 5.7 % | $400 |
| Maintenance | Normalised | $33,600 | 10 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $3,350 | 1 % | $70 |
| Location conteneur | Current | $1,265 | 0.4 % | $26 |
| Granule | Current | $34,899 | 10.4 % | $727 |
| Total expenses | $144,167 | 43.0 % | $3,003 | |
| Net Revenue | $190,875 | $3,977 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $2,292,639 | $2,100,000 |
| Financing CAP | 7.08 % | 6.54 % |
| Debt coverage ratio | 1.3 | 1.25 |
| Interest Rate | 5.0 % | 5.0 % |
| Amortization | 30 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $190,875 | $190,875 |
| Annual Mortgage Cost | $155,511 | $146,564 |
| Net cash after mortgage | $35,365 | $44,311 |
| RETURN ON INVESTMENT | ||
| Down Payment | $507,361 | $700,000 |
| Cash on cash return | 7.0 % | 6.3 % |
| Return on liquidity + capitalization | 14.1 % | 12.6 % |
| Total yearly return with appreciation of 2 % | 25.13 % | 20.56 % |
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