6 units building generating excellent revenues, ideally located in the heart of Rosemont. It consists of 1 x 9½ + 4 x 4½ + 1 x 3½ well-sized units. The 9½ unit has been converted into a single unit, offering a large living space over two floors. Excellent value-add opportunity with the potential to create a 7th unit in the basement by subdividing this unit, as the property is already registered as a 7 units building on the city roll. All energy costs are paid by the tenants. A strategic location near Iberville and Fabre metro stations, ensuring strong rental demand. An investment offering strong optimization potential and stable revenue growth.
Located near the Iberville and Fabre metro stations, as well as numerous restaurants, parks, and shops.
The bathrooms and basement have been fully renovated. The property features 2 bathrooms and 2 kitchens.
The 9½ unit includes a second bathroom as well as a second kitchen in the basement.
According to the seller, several improvements were made over the past few years, including:
Two bathrooms renovated in unit #2391
Addition of a kitchen island in unit #2391
Fully renovated basement in unit #2391
Bathroom ceramic replaced in unit #2391A
Front balcony bases replaced with fiberglass.
The sale is made without legal warranty of quality, at the buyer’s own risk and peril.
| Cadastral number | 2168491 |
| Total Municipal Assessment | 1 249 000 $ |
| Municipal Land Assessment | 464 200 $ |
| Municipal Building Assessment | 784 800 $ |
| Number of Storeys | 3 |
| Type of Building | In row |
| Type of Construction | Brick and wood |
| Year of Construction | 1929 |
| Fire System | Yes |
| Type of Parking | Exterior at the rear |
| Number of Parking Spaces | 1 place at the back |
| Land Surface Area | 2 785 sq. ft. |
| Laundry Room | No |
| Number of Rooms | To be verified |
| Number of Units | 1 x 9½ + 4 x 4½ 1 x 3½ |
| Washer/Dryer Inlet | Yes, in each unit |
| Appliance Responsibility | Tenants | Owner of Unit #2389: washer-dryer, stove, and refrigerator |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Yes, backyard |
| Internet and Telecom | Oui |
| Plumbing | Copper | steel | ABS |
| Condition of Roof | Elastomeric membrane | Good condition |
| Condition of Doors | Good condition |
| Condition of Balconies | Good condition | Front: Fiberglass - Back: Wood |
| Concierge Agreement | No |
| Intercom and Doorbell | Sonnette |
| Heating System | Electric baseboards |
| Hot Water System | Independent tanks |
| Condition of Windows | Good condition - Front and Back |
| Condition of Kitchens | 2 x Renovated | 4 x Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick |
| Condition of Bathrooms | 2 x Renovated | 4 x Good condition |
| Environmental Report | No |
| Floor Covering | Wood | ceramic | floating |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $110,916 | 100 % | $1,541 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $110,916 | $1,541 | |
| Vac. / Bad debt | $3,327 | 3 % | $46 |
| EGR | $107,589 | $1,494 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $4,841 | 4.5 % | $807 |
| Municipal Taxes | Current | $8,072 | 7.5 % | $1,345 |
| School Taxes | Current | $1,000 | 0.9 % | $167 |
| Insurance | Current | $3,362 | 3.1 % | $560 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,500 | 1.4 % | $250 |
| Maintenance | Normalised | $4,200 | 3.9 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $1,076 | 1 % | $179 |
| Réservoir d’eau chaude | Current | $194 | 0.2 % | $32 |
| Total expenses | $24,245 | 22.5 % | $4,041 | |
| Net Revenue | $83,343 | $13,891 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $1,518,151 | $1,003,881 |
| Financing CAP | 4.67 % | 6.23 % |
| Debt coverage ratio | 1.1 | 1.25 |
| Interest Rate | 4.0 % | 4.5 % |
| Amortization | 40 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $83,343 | $83,343 |
| Annual Mortgage Cost | $80,623 | $66,675 |
| Net cash after mortgage | $2,721 | $16,669 |
| RETURN ON INVESTMENT | ||
| Down Payment | $275,849 | $790,119 |
| Cash on cash return | 1.0 % | 2.1 % |
| Return on liquidity + capitalization | 7.1 % | 4.9 % |
| Return on liquidity + cap. + appreciation | 20.1 % | 9.5 % |
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