Lucie le Quilliec
| Team Maria Aimen et Lucie Le Quilliec
Executive VP
|
Real Estate Broker | PMML Partner
Maria Aimen
| Team Maria Aimen et Lucie Le Quilliec
Executive VP
|
Real Estate Broker | PMML Partner
Superb 5-unit building located in Hochelaga, ideally situated a few steps from Pie-IX metro. Composed of 4 x 3.5 and 1 x 7.5 (owner-occupied). The ground floor unit benefits from garden and garage access. Several renovations carried out over the years. Energy costs are the responsibility of the tenants.
Elastomeric roof (2009)
Rear wall bricks redone (2015)
West foundation completely redone and part of the north foundation.
6 windows changed (apt. 2412)
6 doors changed (2015)
2414 : completely renovated
2416 : kitchen redone
2420 : kitchen redone
The sale is made without legal warranty of quality, at the buyer's risk.
| Cadastral number | 1880518 |
| Total Municipal Assessment | 1 075 300 $ |
| Municipal Land Assessment | 331 000 $ |
| Municipal Building Assessment | 744 300 $ |
| Number of Storeys | 3 |
| Type of Building | Semi-detached |
| Type of Construction | Brick and wood |
| Year of Construction | 1927 |
| Number of Parking Spaces | 1 garage |
| Land Surface Area | 2500 pi² |
| Laundry Room | N/A |
| Number of Rooms | 18 |
| Number of Units | 1 x 7.5 + 4 x 3.5 |
| Washer/Dryer Inlet | In each unit |
| Appliance Responsibility | Landlord |
| Heating Responsibility | Tenants |
| Hot Water Responsibility | Tenants |
| Fenced | Yes |
| Internet and Telecom | No |
| Plumbing | Standard |
| Condition of Roof | Elastomeric 2009 |
| Condition of Doors | 6 changed in 2015 |
| Condition of Balconies | Standard |
| Concierge Agreement | N/A |
| Intercom and Doorbell | Doorbells |
| Heating System | 2412 : Furnace (changed in 2017) ; 2414-2420 : electric baseboards |
| Hot Water System | Water heater (Hydrosolution, except for 2416 which was purchased) |
| Condition of Windows | 6 changed |
| Condition of Kitchens | Good condition |
| Electrical Panels | Circuit breakers |
| Exterior Siding | Brick & stucco (north facade) |
| Condition of Bathrooms | Good condition |
| Environmental Report | N/A |
| Floor Covering | Hardwood, ceramic |
| yearly | % / GR | RPU (m) | |
|---|---|---|---|
| Residential | $88,140 | 100 % | $1,469 |
| Affordable res. | |||
| Commercial | |||
| Lockers | |||
| Parking | |||
| Laundry | |||
| Total revenues | $88,140 | $1,469 | |
| Vac. / Bad debt | $2,644 | 3 % | $44 |
| EGR | $85,496 | $1,425 | |
| Calc. | yearly | % OF EGR | CPU (y) | |
|---|---|---|---|---|
| Administration | Normalised | $3,847 | 4.5 % | $769 |
| Municipal Taxes | Current | $7,075 | 8.3 % | $1,415 |
| School Taxes | Current | $808 | 0.9 % | $162 |
| Insurance | Current | $3,016 | 3.5 % | $603 |
| Electricity | ||||
| Heating | ||||
| Snow Removal | ||||
| Elevator | ||||
| Lawn | ||||
| Structural reserve | ||||
| Janitor | Normalised | $1,250 | 1.5 % | $250 |
| Maintenance | Normalised | $3,500 | 4.1 % | $700 |
| Appliances | ||||
| WiFi | ||||
| Heat pump | ||||
| CHMC: Other Costs | Normalised | $855 | 1 % | $171 |
| Réservoirs d'eau chaude | Current | $441 | 0.5 % | $88 |
| Total expenses | $20,792 | 24.3 % | $4,158 | |
| Net Revenue | $64,704 | $12,941 |
| schl | conv | |
|---|---|---|
| Maximum loan amount | $918,468 | $772,569 |
| Financing CAP | 5.99 % | 6.28 % |
| Debt coverage ratio | 1.1 | 1.2 |
| Interest Rate | 5.0 % | 5.0 % |
| Amortization | 30 Years | 25 Years |
| Term | 5 Years | 5 Years |
| schl | conv | |
|---|---|---|
| Net Revenue | $64,704 | $64,704 |
| Annual Mortgage Cost | $62,163 | $53,920 |
| Net cash after mortgage | $2,540 | $10,784 |
| RETURN ON INVESTMENT | ||
| Down Payment | $541,532 | $687,431 |
| Cash on cash return | 0.5 % | 1.6 % |
| Return on liquidity + capitalization | 3.1 % | 3.9 % |
| Total yearly return with appreciation of 2 % | 8.53 % | 8.15 % |
To see the detailed rent rolls of this building, you need to be connected.